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March 24, 2021, 5:27 a.m.
PRD Stand Out Regions | Top 10 Affordable Regional Areas 2021
There has been a high influx of first home buyers that have entered the property market in 2020, resulting in a growth of 50.4% between the December quarters of 2019 and 2020. This further boosted an already strong market with record low interest rates and increasingly lenient bank lending policies.
March 9, 2021, 1:39 a.m.
First Home Buyers’ Guide 2021
The ‘PRD First Home Buyers’ Guide 2021’ 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, and its various updates at any given time, it can be difficult to determine what is relevant to your personal situation. This guide helps you do just that.
Nov. 25, 2020, 6:19 a.m.
Affordable & Liveable Property Guide 2nd Half 2020 - Sydney
Median property prices in Sydney Metro increased by 7.2% for houses to $1,630,000 from 2019 to 20201 and increased by 3.2% to $795,000 for units during the same period. By comparison, from 2018 to 2019 the median house price in Sydney Metro softened by -4.2%, and the median unit price softened by -3.5%. Sydney Metro’s median price growth is in contrast with COVID-19 predictions, which solidifies its market strength.
Nov. 9, 2020, 5:49 a.m.
Maroubra Property Update 2nd Half of 2020
In Q3 2020, Maroubra recorded a median house price of $1,915,000, and a median unit price of $875,000. This represents annual (Q3 2019 – Q3 2020) median price growth of 10.1% for houses and of 5.4% for units. Between Q3 2018 – Q3 2020 total sales slowed, down by -1.0% for houses (to 97 sales) and by -39.2% for units (to 113 sales), potentially due to low stock in the market. That said median price growth suggest real capital growth in the area, in contrast to general COVID-19 predictions. This indicates high market resilience in Maroubra, thus now is the time to transact.
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, 1:29 a.m.
Maroubra Property Update 1st Half of 2020
In Q1 2020, Maroubra recorded a median house price of $1,900,000, and a median unit price of $890,000. This represents annual (Q1 2019 – Q1 2020) median price growth of 8.3% for houses and 7.2% for units. Between Q1 2019 – Q1 2020 total sales in the house markets remained steady with 68 sales, whilst units saw an increase of 13.0% (to 113 sales). With the market showing positive indicators, and real capital growth in both house and unit markets, now presents a great time to both buy and sell in Maroubra.
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.
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.