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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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In Q3 2023, Panania recorded a median house price of $1,330,000, and a median unit price of $1,015,000. This is annual (Q3 2022 – Q3 2023) growth of 6.4% for houses and 18% for units. Sales increased between Q3 2022 – Q3 2023, by 13% (to 217 sales) for houses and significantly to 93 sales for units. Median house and unit prices did see a slight di…
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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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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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Australia’s property market exceeded all expectations in 2020 and in the first half of 2021. The ‘doom and gloom’ and ‘market crash’ predictions did not eventuate, in fact, the op…
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The ‘PRD First Home Buyers’ Guide 2021’ is designed to help you quickly understand what is on offer to first home buyers around Australia. With so many programs and grants avail…
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The following report is the result of an investigation into the house and unit markets of four local areas within the Hurstville, Kogarah and Rockdale Local Government Areas (LGAs ). Area Characteris…
This report analyses the current trends and performance of the house , unit and vacant land markets within the Port Stephens Local Government Area (LGA). Area Characteristics The Port Stephens LGA is…
Local Area Characteristics A city in transit The Logan City Local Government Area is located approximately 15 and 50 kilometres south from the Brisbane CBD and borders the Brisbane LGA to the north a…
This report analyses the current trends and performance of the Warrnambool Areas house and unit markets. It further highlights the areas characteristics and trends to provide an understanding of the …
Area Characteristics and Demographics The Australian Capital Territory (ACT) is located approximately 280 kilometres south west of Sydney and 670 kilometres north of Melbourne, covering an approximat…
This report analyses the Bankstown Local Government Area (LGA). It highlights the regions characteristics as well as the performance of the house and unit markets in the area. Area Characteristics Th…
This report analyses the current trends and performance of the Port Macquarie house and unit markets. It also contains a brief overview of the demography and recent infrastructure developments in the…
This report analyses the current trends and performance of the Macedon Ranges Local Government Areas (LGA) house and vacant land markets. It further highlights the regions characteristics and local t…
Across many areas in Queensland residential real estate has undergone a significant softening in sales activity and values, as demand has reflected the general decline in sentiment and confidence. Th…
Area Characteristics Comprising a total area of 1,850 hectares, Robina was one of the largest private master planned community developments in Australia. According to the Australian Bureau of Statist…
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