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More Videos by PRDnationwide
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.
April 2, 2018, 11:14 p.m.
Glenorchy Research Factsheet 1st Half 2018
The Glenorchy property market recorded a median house price of $320,000 and $235,086 for units in Q4 2017, representing an annual price change of 13.9% and 24.1% respectively. Over the same period of time house prices in the City of Glenorchy LGA grew by 12.9% to $350,000 and unit prices grew by 7.9% to $259,000. Glenorchy’s property prices are well below suburbs within the Hobart Inner City area, uniquely offering affordability as well as high sustainable capital growth to home buyers and investors.
March 18, 2018, 11:23 p.m.
Your Green Guide – Residential Real Estate 2018
PRDnationwide, through the Australia Research Council Linkage project funded by the Australian Federal Government, is proud to release Your Green Guide - Residential Real Estate 2018 and an accompanying Green House Scorecard. This work is a culmination of 3 years of research, in collaboration with Queensland University of Technology (QUT), Karlsruhe Institute of Technology Germany, and other key industry partners.
March 6, 2018, 12:06 p.m.
Q1 2018 Key Market Indicators – Tasmania
Tasmania is leading the way in development approvals, with a 48.6% increase reported over the past 12 months to December 2017. This is equivalent to 266 dwelling approvals to the state in December 2017, which although pales in comparison to other states – for example Victoria (5,284 approvals), New South Wales (6,603 approvals), and Queensland (3,364 approvals) – this is quite a momentous achievement for Tasmania. The increase in dwelling approvals cater for the 176.9% growth in nett migration into Tasmania with 407 people as of June 2017. However, there is still an imbalance between supply and demand, suggesting that now is the perfect time for developers to set their sights to Tasmania.
Dec. 5, 2017, 1:37 a.m.
Q4 2017 PRD Key Market Indicators - Tasmania
Believe it or not…Tasmania (TAS) has had the highest decrease in the number of first home buyer loans growth, by 17.6% over the past 12 months (to June 2017). Attributed to high interstate investor activities and an undersupplied market, TAS first home buyers are officially being priced out of the market. The PRDnationwide Q4 2017 Key Economic Indicators provide consumers with a quick snapshot of the current state of affairs from an economic and property perspective. The PRDnationwide Key Economic Indicators cover both national and state level data
Nov. 22, 2017, 1:50 a.m.
Hobart Hotspots - 2nd Half 2017
The PRDnationwide Hobart hotspots report analyses all suburbs within the Greater Hobart region. It provides valuable insight and highlights for the market, reporting on a number of key indicators to create a holistic picture of the property conditions in 2017.
Oct. 15, 2017, 11:42 p.m.
Glenorchy Research Factsheet 2nd Half 2017
The Glenorchy property market recorded a median house price of $310,000 and $232,500 for units in Q2 2017. This represents an annual price change of 21.8% and 8.1% respectively. Over the same time period, house prices in Glenorchy Municipality grew by 16.0% to $327,000 and unit prices grew by 7.3% to $235,000. Housing demand continues to drive the market in Glenorchy, with annual price growth exceeding that of the LGA. With a more affordable entry point that doesn’t compromise on capital growth, Glenorchy is the perfect place for first time home buyers and investors.