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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. 18, 2019, 1:53 a.m.
Kogarah Property Market Update 2nd Half of 2019
In Q3 2019, Kogarah recorded a median house price of $1,128,000, and a median unit price of $629,950. This represents annual (Q3 2018 – Q3 2019) median price softening of -10.8% for houses and price stability for units. At the same time, total sales improved for Q3 2019, up by 22.4% for houses (to 71 sales) and by 38.1% for units (to 163 sales). A 6-month price growth is also evident for both property types, thus now an ideal time to transact in Kogarah.
Oct. 1, 2019, 12:15 a.m.
Kogarah Property Factsheet 1st Half 2019
Kogarah market recorded a median house price of $1,155,000 and median unit price of $637,500 in Q1 2019, which represented an annual (Q1 2018-Q1 2019) softening of -8.0% for houses and -5.9% for units. Compared to the Kogarah 2nd Half 2018 Research Factsheet, which recorded an annual (Q3 2017-Q3 2018) price softening of -3.5% (house) and -5.9% (units), houses in Kogarah have become more affordable whereas units have remained stable. This is good news for unit owners and signals an ideal time for first home buyers to enter the house market.
May 20, 2019, 6:37 a.m.
Q2 2019 Key Market Indicators – New South Wales
May 20, 2019, 4:43 a.m.
Q2 2019 Key Market Indicators
Australian consumer sentiment read 100.7 index points in April 2019, exactly on the positive line of 100 index points, indicating that in general, Australians have a positive yet cautious outlook on the economy. This is interesting as the current consumer sentiment is on a -1.7% decline compared to 12 months ago (April 2018), which does not come as a surprise given past events such as: the Royal Banking Commission’s enquiry into the banking and financial sector, the handing down of the Federal Budget 2019, and the announcement of the 18 May 2019 Federal elections.
March 24, 2019, 11:29 p.m.
Ready, Set, Go… Regional! – Top 12 Affordable Hotspots 2019
Finding an affordable option in Australian capital cities is not easy, especially when you are a first home buyer. Australia’s home loan affordability index has been at the lower end of the scale since its peak in 1993 and 2002, with December 2018 figures showing a marginal improvement of 1.3% over the past 12 months.
March 5, 2019, 1:34 a.m.
Manufactured Home Estates: An Affordable Retirement Option?
The pressure of Australia’s ageing population and growing desire for affordability calls for an investigation into the diversity of housing options. According to the Australian Bureau of Statistics (ABS), during 2016 there were 3.7 million Australians aged over 65 years, representing 15% of the population. This is a significant increase from the 1976 ABS figure of 1.3 million people aged over 65 years, representing only 9% of the population.