Research Hub

Australia’s property market has proven to be quite unpredictable in the past 24 months. ‘Doom and gloom’ were predicted throughout COVID-19, yet the market flourished. Now, 2022 sees markets within markets, moving in different directions and speeds.

The PRD First Home Buyers’ Guide 2022 is designed to help you quickly understand what is on offer to first home buyers in Australia.

As of the December quarter of 2023, housing affordability in New South Wales, Victoria, South Australia, Tasmania, and the Australian Capital Territory have been all at their lowest in 20 years. In the past 12 months (to the December quarter of 2023), the weighted average capital city Australian median house price grew by 5.3% to $$1,005,242, maki…

In Q4 2023, Tweed Coast recorded a median house price of $1,430,000, and a median unit price of $900,000. This represents annual (Q4 2022 – Q4 2023) softening of –4.7% for houses and 3.6% price growth for units. On a quarterly basis (Q3 –Q4 2023), median house price declined by -13.3% but median unit price grew by 5.1%. Total sales surged by 20.0%…