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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.

June 24, 2020, 4:13 a.m.

Affordable & Liveable Property Guide 1st Half 2020 - Brisbane

The Brisbane Metro property market has shown resilience throughout these unprecedented times of COVID-19. From 2018 to 2019/20(1) the number of houses sold in Brisbane Metro increased by 20.9%, and median house prices grew by 1.5%, to $690,000. The number of units sold increased by 13.9%, however the median unit price softened by -1.5% to $450,000. These patterns are similar to Sydney and Melbourne, which also recorded a decline in median unit prices.

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.

Feb. 21, 2020, 3:18 a.m.

Hervey Bay Property Report 2nd Half of 2019

In Q3 2019, Hervey Bay recorded a median house price of $364,000, and a median unit price of $240,000. This represents annual (Q3 2018 – Q3 2019) growth of 1.8% for houses and -15.8% for units. Total sales slowed in Q3 2018-Q3 2019, by -22.9% for houses (307 sales in Q3 2019) and by -24.2% for units (69 sales in Q3 2019). There has been less stock in the market, thus low listing figures. With growth in median house price now is an ideal time to transact.

Nov. 27, 2019, 5:06 a.m.

Affordable & Liveable Property Guide 2nd Half 2019 - Brisbane

A key finding of this report is that the majority (5 out of 6) of the affordable and liveable suburbs are on the north side of the Brisbane River. These suburbs have the best possible median price growth while also satisfying other criteria such as: low vacancy rates, high yields, large infrastructure spending, low crime and proximity to amenities. In the previous 1st Half 2019¥ report, suburbs were spread throughout Brisbane, which suggests that there are now limited options.

Nov. 11, 2019, 5:40 a.m.

Q4 2019 Key Market Indicators – Queensland

Queensland’s (QLD) home loan affordability index reading was 35.5 points in the June quarter of 2019, which held relatively steady compared to the June quarter of 2018 (35.6 index points). QLD remains the most affordable state compared with New South Wales (NSW) at 26.9 index points, Victoria (VIC) at 30.7 index points, and the Australian average at 32.2 index points.

Oct. 1, 2019, 1:36 a.m.

Hervey Bay Property Factsheet 1st Half 2019

Hervey Bay, which for this research factsheet is represented by all suburbs in the postcode 4655, recorded a median house price of $363,000 and $270,000 for units in Q1 2019. These figures represented an annual (Q1 2018- Q1 2019) price growth of 3.7% (house) and 4.5% (units). Compared to the Hervey Bay 2nd half 2018 Research Factsheet, which reported an annual (Q3 2017- Q3 2018) median price change of 7.8% (house) and -0.4% (units), houses in Hervey Bay have become more affordable while units have strengthened in value.