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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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In Q3 2023, Nundah recorded a median house price of $1,068,500, and a median unit price of $525,500. This represents annual (Q3 2022 – Q3 2023) growth of 17.4% for houses and 12.4% for units. Sales decreased between Q3 2022 – Q3 2023, by -35.5% (to 20 sales) for houses and remained stable at 105 sales for units. On a quarterly basis (Q2 2023 – Q3 …
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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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The following Property Watch is the result of an investigation into the house, unit and vacant land market comprising suburbs within the Burleigh Heads Area as depicted in the map to the right. The p…
For the purposes of this report, the Northern Cairns Area encompasses the suburbs highlighted orange in the map within the report. This area stretches from Kewarra Beach in the north and Redlynch in …
Overview The Sunshine Coast is located in South East Queensland roughly one hours drive north of Brisbane, the Queensland state capital. The presiding local government authority for the region is the…
Scope The following Property Watch investigates the house and unit markets comprising the Townsville and Northern Beaches Area. This report highlights trends influencing these property markets and th…
Overview The Gladstone Highlight Report analyses the performance of residential real estate within the Gladstone Regional Council and its various markets. As highlighted in the map to the left, the G…
Overview As the debate on the affordability of residential property continues, PRD Research has analysed the affordable sub $500,000 market within Brisbane over the past five years. Noticeably over t…
The following Property Watch report is the result of an investigation into the historic and current market trends within the Bundaberg Local Government Area (LGA), with a specific analysis on the Bar…
Demographic Snapshot For the purpose of this report, the Mackay Local Government Area (LGA) refers to the amalgamation of the Mackay, Sarina, and Mirani Local Government Areas. According to the Austr…
Scope This report analyses New South Wales Southern Highlands. The report highlights the areas characteristics, demographics and the performance of the property market within the region. Area Charact…
Scope The following Property Watch is the result of an investigation into the house, unit and vacant land markets within the Dubbo Local Government Area (LGA). Area Characteristics The Dubbo LGA is l…
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