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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…
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In Q3 2023, Dapto recorded a median house price of $770,000, and a median unit price of $629,000. This represents annual (Q3 2022 – Q3 2023) softening of -4.3% for houses and -7.9% for units. Total sales decreased between Q3 2022 – Q3 2023, by -8.1% (to 137 sales) for houses and increased by 15.0% for units (to 45 sales). Successive interest rates…
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Australia’s economy is entering a new phase following 12 consecutive cash rate hikes since May 2022. With the cash rate currently in a ‘hold’ pattern (at 4.1%), there is a multiplier effect on all facets of life. How does this impact the property market for the rest of 2023 and early 2024? And is the cash rate the only issue?
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The PRD Affordable and Liveable Property Guides 2nd half 2023 are available for Brisbane, Sydney, Melbourne, Hobart, Gold Coast, and Perth. These guides provide valuable insights on property trends and how current economic conditions (including cash rate hikes) have impacted the market, as well as future developments for the next 6 months. For tho…
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Overview The Nundah Area Highlight Report analyses the performance of residential real estate within the Nundah Area which comprises the suburbs of Banyo, Clayfield, Kedron, Northgate, Nundah, Virgin…
Overview This report is the result of an examination into the historic and current market activity within the Outer North Brisbane Area. For the purpose of this report the Outer North Brisbane Area i…
Area Characteristics Forster and Tuncurry are located in the Mid-North Coast Region of NSW, approximately 220 kilometres northeast of Sydney, in the Local Government Area (LGA) of Great Lakes . The r…
Local Area Characteristics The Clarence Valley Local Government Area (LGA) is located along the northern coastline of New South Wales and offers a diversified landscape for its residents, from 80 kil…
Overview The Gold Coast is a coastal city of Australia located in the southeast corner of Queensland. The Gold Coast stretches from Alberton in the north to Coolangatta in the South. This sundry regi…
Scope The following Property Watch is the result of an investigation into the house, unit and land markets within the Wollongong Local Government Area (LGA). Area Characteristics The Wollongong LGA i…
Introduction Smaller size rural lots have proven to be a popular choice for buyers from both city and country areas. City residents often seek a weekend retreat, normally within two to two and a half…
Area Characteristics The Orange LGA is located 200 kilometres west of Sydney in the Central West Region of NSW. It is accessed via the Mitchell Highway, with daily coach and rail services to Sydney. …
Area Characteristics Randwick is a coastal LGA located approximately seven kilometres south of the Sydney CBD and bounded by the Pacific Ocean and Botany Bay. The LGA has been an increasingly popular…
Local Area Characteristics The River City Also known as the River City, the Brisbane Local Government Area (LGA) boasts the largest population for any LGA within Australia. This large population has …
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