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Dec. 11, 2020, 2:19 a.m.

Mackay Property Update 2nd Half of 2020

In Q3 2020, the Mackay area recorded a median house price of $350,000 and a median unit price of $250,000. This represents annual (Q3 2019 – Q3 2020) median price stability for house, however units grew exponentially by 35.0%. Total sales between Q3 2019 – Q3 2020 declined by -7.4% for houses (to 125 sales) and by -10.6% for units (to 42 sales), however this is due to low levels of stock on the market and/or COVID-19 conditions. Positive median unit price growth suggests market resilience in the Mackay area, and well positioned for market recovery in 2021. Now is the time to transact.

Nov. 25, 2020, 6:49 a.m.

Affordable & Liveable Property Guide 2nd Half 2020 - Brisbane

Median property prices in Brisbane Metro increased by 4.3% for houses to $678,000 from 2019 to 20201 and softened by -1.1% to $435,000 for units during the same period. Limited stock and high demand have supported median price growth for houses, showing resilience throughout COVID-19. A softer median unit price is expected, particularly due to the leftover oversupply from late 2016 to 2017.

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. 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. 3, 2020, 3:38 a.m.

Mackay Property Update 1st Half of 2020

In Q1 2020, Mackay recorded a median house price of $335,000, and a median unit price of $230,000. This represents annual (Q1 2019 – Q1 2020) median price growth of 1.5% for houses and a softening of -3.2% for units. Between Q1 2019 – Q1 2020 total sales increased, by 13.2% for houses (to 60 sales), and by 50.0% for units (to 24 sales). The Mackay property market shows signs of resilience through capital growth and increase in demand over the past 12 months, there are opportunities for both buyers and sellers.

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, 4:13 a.m.

Affordable & Liveable Property Guide 1st Half 2020 - Brisbane

The Brisbane Metro property market has shown resilience throughout these unprecedented times of COVID-19. From 2018 to 2019/20(1) the number of houses sold in Brisbane Metro increased by 20.9%, and median house prices grew by 1.5%, to $690,000. The number of units sold increased by 13.9%, however the median unit price softened by -1.5% to $450,000. These patterns are similar to Sydney and Melbourne, which also recorded a decline in median unit prices.

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.