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

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.

Sept. 4, 2020, 1:40 a.m.

New Norfolk Property Update 1st Half of 2020

In Q4 2019, New Norfolk recorded a median house price of $316,000, and a median vacant land price of $85,000. This represents annual (Q4 2018 – Q4 2019) median price growth of 19.2% for houses and 24.6% for land. Total house sales markets slowed annually, down by -31.3% to 22 sales while land sales increased by 20.0% for to 6 sales in Q4 2019. Limited land sales make this data volatile, however the market presents excellent value. There is a shortage of houses on the market, now is the time to capitalise on price growth.

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.