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Dec. 10, 2020, 5:34 a.m.

PRD Mildura Property Update 2nd Half of 2020

In Q3 2020, the Mildura area recorded a median house price of $330,000 and a vacant land median price of $130,000. This represents annual (Q3 2019 – Q3 2020) median price growth of 6.2% for house and 6.6% for vacant land. Between Q3 2019 – Q3 2020 sales declined by -26.5% for houses (to 119 sales), however vacant land sales increased by 32.3% (to 41 sales). Positive median price growth amidst COVID-19 indicate a resilient market. Now is an opportune time for first home buyers to enter the market and build their dream home, through accessing multiple Federal and State government incentives.

Nov. 25, 2020, 5:13 a.m.

Affordable & Liveable Property Guide 2nd Half 2020 - Melbourne

Median property prices in Melbourne Metro increased by 1.5% for houses to $990,000 from 2019 to 20201 and increased by 2.2% to $610,000 for units during the same period. Although this level of growth may be deemed subdued compared with normal circumstances, it represents a resilient market throughout COVID-19 lockdowns. Furthermore, price growth may come as a surprise to many, considering the severe restrictions in Melbourne and Victoria (VIC) of late, and in contrast to general predictions.

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.

Aug. 27, 2020, 5:32 a.m.

Mildura Property Update 1st Half of 2020

In Q1 2020, Mildura recorded a median house price of $311,000, and vacant land median price of $165,000. This represents annual (Q1 2019 – Q1 2020) median price growth of 2.0% for houses and 16.2% for vacant land. Between Q1 2019 – Q1 2020 total sales slowed for house, by -19.9% to 129 sales and by -55.2% to 13 vacant land sales. The property market in Mildura is showing signs of resilience, particularly for vacant land. There is a unique opportunity for house owners, whereby they can be more confident of their property value

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, 5:06 a.m.

Affordable & Liveable Property Guide 1st Half 2020 - Melbourne

Melbourne Metro median property prices have softened in view of COVID-19, creating an opportune time for first home buyers wanting to capitalise on a more affordable market.

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.