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As of the December quarter of 2023, housing affordability in New South Wales, Victoria, South Australia, Tasmania, and the Australian Capital Territory have been all at their lowest in 20 years. In the past 12 months (to the December quarter of 2023), the weighted average capital city Australian median house price grew by 5.3% to $$1,005,242, maki…
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Australia’s economy is entering a new phase following 12 consecutive cash rate hikes since May 2022. With the cash rate currently in a ‘hold’ pattern (at 4.1%), there is a multiplier effect on all facets of life. How does this impact the property market for the rest of 2023 and early 2024? And is the cash rate the only issue?
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The PRD Affordable and Liveable Property Guides 2nd half 2023 are available for Brisbane, Sydney, Melbourne, Hobart, Gold Coast, and Perth. These guides provide valuable insights on property trends and how current economic conditions (including cash rate hikes) have impacted the market, as well as future developments for the next 6 months. For tho…
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In Q3 2023, Maryborough (which in this report encapsulates: Maryborough, Tinana, Granville, Maryborough West, Oakhurst); recorded a median house price of $390,000. This represents annual (Q3 2022 – Q3 2023) median price growth of 5.5%, and a quarterly (Q2 2023 – Q3 2023) softening of -1.3%. This suggests interest rate hikes and lower consumer conf…
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The PRD Major City Market Update 1st Half 2022 reports are available for Brisbane, Sydney, Melbourne and Hobart. The reports divide each capital city into inner, middle and outer rings. They provide…
In Q3 2021, Maryborough recorded a median house price of $300,000, and a median unit price of $235,000. This represents annual (Q3 2020 – Q3 2021) median price growth of 27.7% for houses and 17.5% fo…
Median property prices in Brisbane Metro increased by 22.3% for houses to $825,000 from Q3 2020 to Q3 2021*, and by 3.6% for units at $465,000. Between Q3 2020 – Q3 2021 total house sales declined by…
The PRD First Home Buyers’ Guide 2nd Half 2021 is designed to help you quickly understand what is on offer to first home buyers. With so many programs and grants available at the various State and …
Australia’s property market exceeded all expectations in 2020 and in the first half of 2021. The ‘doom and gloom’ and ‘market crash’ predictions did not eventuate, in fact, the opposite occurred…
In Q1 2021, Maryborough recorded a median house price of $269,000, representing an annual (Q1 2020 – Q1 2021) median price growth of 15.9%. Between Q1 2020 – Q1 2021 total sales increased by 14.1% fo…
The PRD Affordable and Liveable Property Guides 1st Half 2021 are available for Brisbane, Sydney, Melbourne, and Hobart. These guides provide valuable insights and highlights of the market and report…
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…
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 S…
In Q3 2020, Maryborough recorded a median house price of $230,000, which represents a median price growth of 3.4% over the past 12 months (Q3 2019 – Q3 2020). During the same period, total sales slig…
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