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Jan. 10, 2019, 2:11 a.m.
Inner North Property Factsheet 2nd Half 2018
The Inner North recorded a median house price of $1,050,000 and $500,000 for units in Q3 2018, which represented an annual (Q3 2017 – Q3 2018) price change of 18.4% and 11.1 % respectively. Compared to the Inner North 1st Half 2018 Research Factsheet, which reported an annual (Q1- 2017- Q1 2018) price change of 10.3 % (house) and 5.2% (units), both houses and units in the Inner North* have strengthened in value.
Nov. 22, 2018, 6:01 a.m.
Q4 2018 Key Market Indicators – Australian Capital Territory
The ACT’s small scale in comparison to other states means it can stand tall for offering some of the best economic indicators this quarter. Perhaps most importantly, for homeowners, ACT won the gold award nationally for the highest home loan affordability index reading (as of June quarter 2018) with 47.9 index points. This was coupled with the gold award nationally for highest median weekly family income (as of June quarter 2018) at $2,690, representing a 2.2% growth over the past 12 months to the June quarter of 2018. High incomes and great affordability position the ACT as a leader in the market for those seeking to enter the property market.
Nov. 21, 2018, 4:39 a.m.
Q4 2018 Key Market Indicators
As 2018 closes, it is time to celebrate some wins, the most notable of all being positive consumer sentiment and growth in the number of first home buyer loans. The Australian consumer sentiment index recorded 104.3 points in November 2018, which is above the positive mark of 100 index points, and represents a 4.6% growth over the past 12 months. This suggests increasing confidence in the economy, which after a year of federal budgetary and politics changes, is a positive way to end the year. A more confident society will have a higher tendency to spend, which will have a positive multiplier effect on the economy as a whole, be it in the retail sector, hospitality, property, and others.
Aug. 27, 2018, 5:34 a.m.
Q3 2018 Key Market Indicators – Australian Capital Territory
Australian Capital Territory (ACT) has come to be one of the most affordable states in Australia, earning a gold award nationally in the highest home loan affordability index reading category (50.8 index points) and a silver award nationally in the most improved home loan affordability index growth category (2.2% growth). This is the second quarter in a row that the ACT has taken the above medals.
July 23, 2018, 6:53 a.m.
Australian Economic Property Report 2018
The recent release of PRDnationwide’s ‘2018 Australian Economic and Property Report’ and Capital City ‘Affordable & Liveable Property Guides 1st Half 2018’ signals a significant change in the property market generally and particularly within the housing affordability landscape. The set of reports provides an overview of the key economic drivers and their impact on the property market, assisting home buyers and investors in making fact based property decisions.
July 13, 2018, 12:31 a.m.
Inner North Property Factsheet 1st Half 2018
The Inner North property market has strengthened over the past 12 months and is in gear for further growth in 2018. The median house price in Q1 2018 was recorded at $940,000 and median unit price was recorded at $468,000, which represents an annual price change of 10.3% and 5.2% respectively. Over this same period (Q1 2017-Q1 2018), house prices in the wider Australian Capital Territory grew by 4.6% to $680,000 and unit prices grew by 1.7% to $437,000.
May 28, 2018, 4:42 a.m.
Q2 2018 Key Market Indicators – Australian Capital Territory
The ACT has advanced to become one of the most affordable states in Australia, earning the gold award nationally for highest home loan affordability index and the silver award for most improved home affordability loan index growth. In the December quarter of 2017 the ACT’s home loan affordability index reading was 51.0, which is significantly higher than the national Australian average of 31.0 index points and represents a 4.5% increase over the past 12 months.
May 14, 2018, 12:23 a.m.
Ready, Set, Go Regional 2018
The PRDnationwide ‘Ready, Set, GO Regional 2018’ report is a timely ‘go to’ guide for home buyers and investors on affordable options in regional areas. The report highlights regional areas in Queensland, Victoria, New South Wales and Tasmania that not only highlight house price affordability, but also show promising growth indicators for local jobs and a sustainable economic future.
March 18, 2018, 11:23 p.m.
Your Green Guide – Residential Real Estate 2018
PRDnationwide, through the Australia Research Council Linkage project funded by the Australian Federal Government, is proud to release Your Green Guide - Residential Real Estate 2018 and an accompanying Green House Scorecard. This work is a culmination of 3 years of research, in collaboration with Queensland University of Technology (QUT), Karlsruhe Institute of Technology Germany, and other key industry partners.
March 6, 2018, 11:31 a.m.
Q1 2018 Key Market Indicators – Australian Capital Territory
The Australian Capital Territory (ACT) wins the gold award for most improved home affordability loan index growth in September quarter 2017, increasing by 8.6% over the past 12 months. ACT also wins the gold award for the highest home loan affordability index reading, with a reading of 54.2 index points in September quarter 2017. This is well above the Australia average (33 index points) and states such as New South Wales (27.7 points), Victoria (31.1 points), and Queensland (37.3 points). Winning these Q1 2018 Key Market Indicator awards suggests that now is the time for first time home buyers and investors to look into the ACT for their next purchase.