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More Videos by PRDnationwide
Dec. 3, 2018, 2:51 a.m.
Hobart - Affordable & Liveable Property Guide 2nd Half 2018
Median property prices in Hobart grew by 1.7% (houses) to $450,000 and 4.0% (units) to $340,000 between 2017 and 2018. During this time sales transactions softened by -41.1% (houses) and -50.3% (units), indicating that price increases were due to scarcity of stock. Compared to the 10.6% (houses) and 7.2% (units), median price growth quoted in the Hobart Affordable and Liveable Property Guide 1st Half 2018, this signals that the market is starting to return to a more sustainable level of price growth. This is great news for first home buyers, as they have been priced out of the market for the past 12 months by interstate investors.
Nov. 22, 2018, 5:55 a.m.
Q4 2018 Key Market Indicators – Tasmania
Tasmania (TAS) closes 2018 with celebratory news for first home buyers, amidst fears that they had been priced out of the market. The number of first home buyer loans approved in the June quarter of 2018 was 458, a 20.5% increase compared to the June quarter of 2017. This is a big improvement compared to the reported 6.9% growth between the March quarter of 2017-2018, earning TAS a bronze medal nationally for the most improved number of first home buyer loans.
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.
Sept. 4, 2018, 3:14 a.m.
Glenorchy Property Factsheet 2nd Half 2018
The Glenorchy property market has grown from strength to strength over the past 12 months to Q2 2018. Compared to the Glenorchy Local Government Area (LGA), houses in the Glenorchy property market can be secured at a similar price, however with higher capital growth. Units in Glenorchy are more affordable than those available in the LGA.
Sept. 4, 2018, 2:15 a.m.
New Norfolk Property Factsheet 2nd Half 2018
Compared to the Derwent Valley Local Government Area (LGA), houses in New Norfolk can be secured at a more affordable price, which is good news for first home buyers looking to enter the market. Now is the time to secure a dream property in this lucrative property market.
Aug. 27, 2018, 6:41 a.m.
Q3 2018 Key Market Indicators – Tasmania
TAS took out the bronze award nationally for highest number of dwelling approvals growth in Q3 2018 Key Market Indicator Awards, at 14.1% over the past 12 months to June 2018. This is quite significant as it is double the growth quoted in Q2 2018 Key Market Indicator series, which recorded a 7.4% increase over the past 12 months to March 2018. What’s more, TAS’s nett migration declined by -10.2% over the past 12 months to December 2017, suggesting there are less people needing a home. This assists in creating a more balanced demand and supply in the property market.
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 23, 2018, 4:52 a.m.
Hobart - Affordable & Liveable Property Guide 1st Half 2018
The city of Hobart’s median property prices increased by 10.6% for houses and 7.2% for units between 2016 to 2017/2018. At the same time, sales transactions increased by 30.7% (houses) and 54.0% (units), which signifies exceptional demand is driving the market rather than scarcity of stock. Current evidence signals that double digit price growth will further continue into 2018, resulting in Hobart being Australia’s top achieving capital city. The highest level of growth is anticipated later into 2018, which will level out to single digits over 2019/2020. With the current activity in Hobart’s property market, there is unlikely to be relief from rising prices. Those looking for more affordable options need to look at the northern area of Hobart.
May 28, 2018, 4:47 a.m.
Q2 2018 Key Market Indicators – Tasmania
Tasmania achieved the silver award nationally for highest median weekly family income growth in the PRDnationwide Q2 2018 Key Market Data Indicator Awards. It is increasingly evident that 2018 marks a new era for TAS, from both a property and economic perspective. In the PRDnationwide Q2 2018 Key Market Indicator Awards TAS won the silver award nationally for highest median weekly family income growth, at 2.6% over the past 12 months (to $1,417 in the December quarter of 2017). This is an improvement from last quarter, where TAS earned the bronze award nationally for the same category, with a 2.5% growth over 12 months to the September quarter of 2017.
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.