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May 28, 2019, 6:51 a.m.
Kyogle Property Factsheet 1st Half of 2019
Q4 2018 saw Kyogle record a median house price of $270,000. This represents an annual (Q4 2017 – Q4 2018) price softening of -2.7%. The 2nd Half 2018 Kyogle Property Factsheet reported an annual (Q2 2017 – Q2 2018) media price growth of 5.2% for houses. Thus, the last 6 months has resulted in improved affordability within the area. In the 12 months to Q4 2018, the number of house sales recorded in Kyogle softened by 54.7% to sit at 10 sales for the quarter. This suggests there is limited supply in Kyogle, meaning buyers should act quickly to secure property.
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.
Feb. 17, 2019, 11:18 p.m.
Q1 2019 Key Market Indicators – New South Wales
New South Wales (NSW) continued to showcase strong economic fundamentals towards the end of 2018, preparing it for a strong performance in 2019. NSW earned 5 silver awards nationally in the PRDnationwide Q1 2019 Key Market Indicator Awards for: most improved number of first home buyer loans, highest number of first home buyer loans, highest number of dwelling approvals, most improved unemployment rate, and highest median growth in weekly family incomes. NSW also earned bronze awards nationally for lowest unemployment rate and highest nett migration.
Dec. 3, 2018, 4:36 a.m.
Sydney - Affordable & Liveable Property Guide 2nd Half 2018
Between 2017 and 2018, Sydney Metro median house prices have softened by -5.6%, whilst units have softened by -2.5%. Affordable options can be found in Sydney’s South Western suburbs.
Nov. 21, 2018, 4:39 a.m.
Q4 2018 Key Market Indicators
As 2018 closes, it is time to celebrate some wins, the most notable of all being positive consumer sentiment and growth in the number of first home buyer loans. The Australian consumer sentiment index recorded 104.3 points in November 2018, which is above the positive mark of 100 index points, and represents a 4.6% growth over the past 12 months. This suggests increasing confidence in the economy, which after a year of federal budgetary and politics changes, is a positive way to end the year. A more confident society will have a higher tendency to spend, which will have a positive multiplier effect on the economy as a whole, be it in the retail sector, hospitality, property, and others.
Nov. 21, 2018, 4:21 a.m.
Q4 2018 Key Market Indicators – New South Wales
New South Wales (NSW) has recently become much more welcoming for first home buyers. In the June quarter 2018, the state achieved the gold award nationally for the most improved number of first home buyer loans with a 68.8% increase over the past 12 months. It also achieved the silver award nationally for the highest number of first home buyer loans (as of June quarter 2018) with 7,252 such loans issued. This has been driven in part by being the only state to not decline in affordability over this period, helping it achieve the gold award nationally for the most improved home affordability loan index growth (as of June quarter 2018).
Sept. 4, 2018, 5:18 a.m.
Kyogle Property Factsheet 2nd Half 2018
Compared to the wider Kyogle Local Government Area (LGA), houses are secured at a premium price in the Kyogle property market, and with stronger annual growth. This is good news for owner-occupiers and investors who are seeking a property market with reliable growth.