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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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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 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…
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…
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…
According to the latest data released by the Rental Tenancies Authority, the most popular rental variation was the two bedroom unit which has secured 5,078 new bonds during the March 2011 quarter. Th…
Area Characteristics Located on Keppel Bay, the Greater Yeppoon Area is a coastal region based around the suburb of Yeppoon. This region is situated in Central Queensland around 700 kilometres north …
Area Characteristics The Palm Beach Area is located approximately 20 minutes south of Surfers Paradise and 10 minutes north of the Gold Coast Airport. There are a number of significant natural landma…
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