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Oct. 21, 2020, 4:26 a.m.
Shared Living Preferences Of Older Australians
Living alone is a significant contributor to general loneliness, particularly in the older community as it becomes more difficult to maintain a social circle. It is recognised that one in four Australians are lonely; especially widowed, divorced, or single individuals (APS, 2018).
Sept. 9, 2020, 12:15 a.m.
First Home Buyers' Guide 2020
The PRD First Home Buyers’ Guide is designed to help you quickly understand what is on offer to first home buyers around Australia. With so many programs and grants available at the various State and Federal Government levels, it can be difficult to know where to turn to learn what is relevant to your personal situation. This guide helps you do just that.
Aug. 25, 2020, 5:33 a.m.
Inner North Property Update 1st Half of 2020
In Q1 2020, the Inner North recorded a median house price of $940,000, and a median unit price of $445,000. This represents annual (Q1 2019 – Q1 2020) median price growth of 8.7% for houses and a price softening of -6.3% for units. Between Q1 2019-Q1 2020 total house sales were down by -5.0% to 76 sales, while units saw a slight uplift by 5.5% to 211 sales. There is an ongoing opportunity to enter the growing Inner North property market for both owner occupiers and investors alike.
July 29, 2020, 4:03 a.m.
Australia Economic and Property Report 2020
Australia’s property market has managed to hold its value despite the doom and gloom predictions of what the COVID-19 shutdown would do to property prices. The latest PRD research report, ‘PRD Australian Economic and Property Report 2020’, reveals that on average, median house prices grew in capital city, metropolitan and regional markets in the 12 months to the first half of 2020.
May 13, 2020, 1:45 a.m.
Top 12 Resilient Regional Areas
The Australian property market is made up of many ‘micro markets’, each performing at its own individual pace dependent upon demographics, population growth, economic structure and fundamentals, and Local/State Government policies. Regional property markets tend to be more resilient compared to their capital city counterparts due to being slightly more insulated from economic shocks, and many Local/State Governments prioritising regional areas growth over the past five years.
April 6, 2020, 1:46 a.m.
Strong Fiscal Policy in Place for Australia to Ride Out COVID-19
COVID-19 is, without a doubt, a disruption and game-changer at the same time. There are many uncertainties at present, and quite a few “doom and gloom” stories on a collapsing economy and being on the brink of a recession. There is no denying that many Australian small businesses and individuals are experiencing the brunt of it, from loss of income to having to close their businesses.
March 30, 2020, 6:22 a.m.
A Home… Or Smashed Avocado On Toast?
The perceived trend of millennials prioritising lifestyle experiences (such as buying smashed avocado on toast), over home ownership aspirations prompted a deeper look into this claim.
March 17, 2020, 12:38 a.m.
Australian Bushfires | The Real Estate Perspective
PRD’s latest research report ‘Australia Bushfires | The Real Estate Perspective’ shines a light on the silver lining to the devastating impact many Australian communities have experienced.
Nov. 27, 2019, 3:11 a.m.
Affordable & Liveable Property Guide 2nd Half 2019 - Canberra
A key finding in this report was that units in Canberra were more affordable to residents who wanted to buy in suburbs with high liveability aspects, whereas houses were more expensive. House buyers need to be prepared to pay a 75% premium on top of the Australian Capital Territory (ACT) state average home loan3 to ensure high liveability, whereas unit buyers only needed to pay 10% extra. This is interesting, as the premiums needed to reach the Canberra Metro median price were 65% (houses) and 14% (units). This suggests the need to ensure that affordable housing stock areas are supported by the required infrastructure.
Nov. 11, 2019, 6:19 a.m.
Q4 2019 Key Market Indicators – Australian Capital Territory
The Australian Capital Territory (ACT) recorded the lowest unemployment rate across Australia of 3.3% in September 2019. This is well below the Australian unemployment rate of 5.2% and earned the ACT a gold award nationally in the Lowest Unemployment Rate category of the PRD Q4 2019 Key Market Indicator Awards