Affordable & Liveable Property Guides 2nd Half 2023
Nov. 24, 2023, 12:05 a.m.
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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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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Palm Beach Property Market Update 2nd Half of 2023
Oct. 5, 2023, 10:34 p.m.
In Q2 2023, Palm Beach recorded a median house price of $1,515,000, and a median unit price of $857,000. This represents annual (Q2 2022 – Q2 2023) softening of -0.7% (house) and -9.7% (unit). That said on a quarterly (Q1 – Q2 2023) basis median prices grew by 0.7% for houses and softened by a lower percentage of -8.8% (units). Thus, cash rate hik…
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Palm Beach Property Market Update 1st Half of 2024
Feb. 29, 2024, 5:17 p.m.
In Q4 2023, Palm Beach recorded a median house price $1,519,500, and a median unit price of $1,100,000. This represents annual (Q4 2022 – Q4 2023) growth of 4.8% for houses and 41.9% for units. Total sales decreased by -6.8% (to 41 sales) for houses but increased by 17.6% for units (to 100 sales). There is an undersupply of houses, which prompted …
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