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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, 4:49 a.m.
Affordable & Liveable Property Guide 1st Half 2020 - Hobart
Hobart Metro’s median price growth has shown improvement, showing the market is moving from strength to strength. Sustainable population growth remains a challenge due to continued new dwelling supply constraints. This is evident through low vacancy rates across the city and is likely to continue to put upward pressure on sale and rental 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.
Nov. 27, 2019, 6:14 a.m.
Affordable & Liveable Property Guide 2nd Half 2019 - Hobart
A key finding in this report was that in order to identify affordable and liveable areas, suburbs with declining annual median house or unit price growth had to be considered. This was the same methodology applied in the 1st Half 2019¥ report. Therefore, instead of showcasing only suburbs with price growth (which was the trend in 2nd Half 2018µ report), minimising the decline in capital growth became an objective. This is good news for first home buyers because chosen affordable and liveable suburbs are now even more affordable.
Nov. 11, 2019, 6:21 a.m.
Q4 2019 Key Market Indicators – Tasmania
There is a changing property landscape in Tasmania (TAS), particularly in terms of home loan affordability and first home buyers. In the March quarter of 2019, TAS recorded a 13.1% annual growth in the number of first home buyer loans, earning it a gold award nationally in the Most Improved Number of First Home Buyer Loans category.
Sept. 30, 2019, 2:13 a.m.
New Norfolk Property Market Update 2nd Half of 2019
In Q2 2019, New Norfolk recorded a median house price of $220,000, and a median vacant land price of $70,000. This represents annual (Q2 2018 – Q2 2019) median price growth of 7.4% for houses and 12.5% for land. Total sales in both markets slowed annually, down by -11.8% for houses to 30 sales and by -52.4% for land to 10 sales in Q2 2019. Limited land sales make this data volatile; however, the market still clearly presents excellent value to buyers.
Sept. 30, 2019, 2:07 a.m.
Glenorchy Property Market Update 2nd Half of 2019
In Q2 2019, Glenorchy recorded a median house price of $380,000, and a median unit price of $259,500. This represents annual (Q2 2018 – Q2 2019) median price growth of 2.0% for houses and a price softening of -6.1% for units. At the same time, total sales in both markets slowed in Q2 2019, down by -34.8% for houses to 30 sales and by -8.0% for units to 23 sales. A lack of on the market property amidst strong demand suggest now is the time to sell.