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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. 6, 2020, 11:01 p.m.
Kyogle Property Update 2nd Half of 2020
Kyogle recorded a median house price of $335,000 and a median land price of $142,000 in Q2 2020. This represents annual (Q2 2019 – Q2 2020) stable growth for houses, however land softened by -33.6%. Between Q2 2019 - Q2 2020 demand increased significantly, by 84.2% for houses (to 35 sales), and by 140.0% for land (to 12 sales). Stable house prices and an increase in demand for both property types amidst COVID-19 conditions indicate a resilient market. This instils confidence for current property owners and those looking to purchase in Kyogle. Now is the time to transact.
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, 5:25 a.m.
Affordable & Liveable Property Guide 1st Half 2020 - Sydney
Median property prices in Sydney Metro increased by 1.3% for houses to $1,355,000 from 2018 to 2019/20(1) and remained steady for units at $796,500. By comparison, from 2017 to 2018 the median house price in Sydney Metro softened by -4.5%, and the median unit price softened by -2.6%. Thus, the market has recovered from the significant price drop seen in mid-2019.
May 14, 2020, 11:30 p.m.
Lismore Property Update 1st Half of 2020
In Q1 2020, Lismore recorded a median house price of $422,000, and a median unit price of $325,000. This represents annual (Q1 2019 – Q1 2020) median price growth of 8.3% for houses and 21.5% for units. Between Q1 2019 – Q1 2020 total sales slowed for house, by -11.7% to 144 sales, but increased for units, by 92.9% to 27 sales. The property market in Lismore is showing signs of growth, particularly for units. There is a unique opportunity for house owners, whereby they can be more confident of their property value.
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.
March 20, 2020, 5:02 a.m.
Kyogle Property Report 1st Half of 2020
In Q4 2019 Kyogle recorded a median house price of $305,000 and a median land price of $172,000. This represents annual (Q4 2018 – Q4 2019) median price softening of -12.9% for houses and a growth of 13.2% for land. Over the same period, demand softened for houses by -32.5% (to 27 sales), however land demand was stable (at 7 sales in Q4 2019). Current market conditions in Kyogle provides great opportunity for first home buyers, as there is less competition and higher affordability in the housing market.
March 17, 2020, 12:38 a.m.
Australian Bushfires | The Real Estate Perspective
PRD’s latest research report ‘Australia Bushfires | The Real Estate Perspective’ shines a light on the silver lining to the devastating impact many Australian communities have experienced.