Affordable and Liveable Property Guides 1st Half 2024
June 5, 2024, 5:23 p.m.
The PRD Affordable and Liveable Property Guides 1st Half 2024 are available for Brisbane, Sydney, Melbourne, and Hobart. These guides provide valuable insights into property trends and how current economic conditions (including higher interest rates) have impacted the market, as well as future developments for 2024. For those looking for more affo…
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Roaring Regions - Top 10 Affordable Regional Areas 2024
March 28, 2024, 5:17 p.m.
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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Oatley Property Market Update 2nd Half 2023
Dec. 13, 2023, 1:58 p.m.
In Q3 2023, Oatley recorded a median house price of $1,600,000, and a median unit price of $741,000. This represents annual (Q3 2022 – Q3 2023) softening of -8.6% for houses and -5.0% for units. Total sales decreased between Q3 2022 – Q3 2023, by -3.8% (to 76 sales) for houses and increased by 12.8% for units (to 44 sales). Oatley’s property marke…
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Australian Economic and Property Report 2023
Dec. 6, 2023, 4:10 p.m.
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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