Montrose

493 Main Rd, Montrose TAS

03 6273 5555

New Norfolk

40 High St, New Norfolk TAS

03 6261 2555

Hobart

141 Murray St, Hobart TAS

03 6231 0400

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Introducing PRD Hobart

March 24, 2021, 5:27 a.m.

PRD Stand Out Regions | Top 10 Affordable Regional Areas 2021

There has been a high influx of first home buyers that have entered the property market in 2020, resulting in a growth of 50.4% between the December quarters of 2019 and 2020. This further boosted an already strong market with record low interest rates and increasingly lenient bank lending policies.

March 9, 2021, 1:39 a.m.

First Home Buyers’ Guide 2021

The ‘PRD First Home Buyers’ Guide 2021’ is designed to help you quickly understand what is on offer to first home buyers around Australia. With so many programs and grants available at the various State and Federal Government levels, and its various updates at any given time, it can be difficult to determine what is relevant to your personal situation. This guide helps you do just that.

Nov. 25, 2020, 7:10 a.m.

Affordable & Liveable Property Guide 2nd Half 2020 - Hobart

Median property prices in Hobart Metro increased by 4.7% for houses to $560,000 from 2019 to 20201 and increased by 4.2% to $422,000 for units during the same period. By comparison, from 2018 to 2019 the median house price in Hobart Metro increased by 5.7%, while the median unit price grew by 4.5%. Limited stock coupled with high demand has continued to push prices upwards, resulting in the need to sacrifice affordability for liveability.

Oct. 21, 2020, 4:26 a.m.

Shared Living Preferences Of Older Australians

Living alone is a significant contributor to general loneliness, particularly in the older community as it becomes more difficult to maintain a social circle. It is recognised that one in four Australians are lonely; especially widowed, divorced, or single individuals (APS, 2018).

Sept. 28, 2020, 10:23 p.m.

Glenorchy Property Update 2nd Half of 2020

In Q2 2020, Glenorchy recorded a median house price of $436,500, and a median unit price of $355,000. This represents annual (Q2 2019 – Q2 2020) median price growth of 7.5% for houses and of 14.5% for units. Between Q2 2019 – Q2 2020 total sales slowed, by -35.4% for houses (to 104 sales) and by -54.1% for units (to 34 sales). A softer demand is expected due to COVID-19, however price growth in both property types indicate high resilience. With reduced competition, now is the time to transact in Glenorchy.

Sept. 28, 2020, 6:19 a.m.

Derwent Valley Property Update 2nd Half of 2020

In Q2 2020, Derwent Valley recorded a median house price of $362,500, and a median unit price of $290,000. This represents annual (Q2 2019 – Q2 2020) median price growth of 29.2% for houses and of 8.8% for units. Between Q2 2019 – Q2 2020 total sales in both markets slowed, by -58.7% for houses (to 19 sales). Softer demand is expected due to COVID-19, also potentially due to low stock availability. That said high median house price growth during this time suggest market resilience. With limited competing stock on the market and prices up, now is the time to transact in Derwent Valley.

Sept. 28, 2020, 6:06 a.m.

Brighton Property Update 2nd Half of 2020

In Q2 2020, Brighton recorded a median house price of $380,000, and a median unit price of $295,000. This represents annual (Q2 2019 – Q2 2020) median price growth of 6.2% for houses and of 9.3% for units. Between Q2 2019 – Q2 2020 total sales slowed, by -25.8% for houses (to 46 sales) and by -44.0% for units (to 14 sales). Softer demand is expected due to COVID-19, however there is also the potential of low stock availability. Positive price growth indicates market resilience amidst COVID-19, thus less competition in the market, now is the time to transact in Brighton.

Sept. 28, 2020, 5:45 a.m.

Hobart Property Update 2nd Half of 2020

In Q2 2020, Hobart recorded a median house price of $758,500, and a median unit price of $457,500. This represents annual (Q2 2019 – Q2 2020) median price softening of -1.5% for houses and of -16.8% for units. Between Q2 2019 – Q2 2020 total sales slowed, by -28.8% for houses (94 sales) and by -62.5% for units (44 sales). Softer demand is expected due to COVID-19 conditions, however there has also been limited new stock in the market. With more affordable prices now is the time for first home buyers to act.

Sept. 9, 2020, 12:15 a.m.

First Home Buyers' Guide 2020

The PRD First Home Buyers’ Guide is designed to help you quickly understand what is on offer to first home buyers around Australia. With so many programs and grants available at the various State and Federal Government levels, it can be difficult to know where to turn to learn what is relevant to your personal situation. This guide helps you do just that.

Sept. 4, 2020, 2:03 a.m.

Glenorchy Property Update 1st Half of 2020

In Q4 2019, Glenorchy recorded a median house price of $382,500, and a median unit price of $344,500. This represents annual (Q4 2018 – Q4 2019) median price softening of -0.8% for houses and growth of 34.2% for units. At the same time, total house sales slowed in Q4 2019, down by -23.8% (to 32 sales) while total unit sales increased by 27.3% (to 28 sales). There is a strong appetite for units, verified through high median price growth even with increase in demand. Now is the time for more residential supply to enter the market.