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Dec. 9, 2020, 5:10 a.m.

Penrith Property Market Update 2nd Half of 2020

In Q3 2020, Penrith recorded a median house price of $690,000, and a median unit price of $481,500. This represents annual (Q3 2019 – Q3 2020) median price growth of 4.6% for houses of 1.4% for units. Between Q3 2019 – Q3 2020 total sales in both markets slowed, by -10.6% for houses (to 530 sales) and by -24.8% for units (to 218 sales). Lower demand may be a reflection of COVID-19 restrictions, however positive price growth suggests a potential undersupply in the market. With median prices up and currently limited competing stock, now is an ideal to sell your home in Penrith.

Nov. 25, 2020, 6:19 a.m.

Affordable & Liveable Property Guide 2nd Half 2020 - Sydney

Median property prices in Sydney Metro increased by 7.2% for houses to $1,630,000 from 2019 to 20201 and increased by 3.2% to $795,000 for units during the same period. By comparison, from 2018 to 2019 the median house price in Sydney Metro softened by -4.2%, and the median unit price softened by -3.5%. Sydney Metro’s median price growth is in contrast with COVID-19 predictions, which solidifies its market strength.

Oct. 21, 2020, 4:26 a.m.

Shared Living Preferences Of Older Australians

Living alone is a significant contributor to general loneliness, particularly in the older community as it becomes more difficult to maintain a social circle. It is recognised that one in four Australians are lonely; especially widowed, divorced, or single individuals (APS, 2018).

Sept. 9, 2020, 12:15 a.m.

First Home Buyers' Guide 2020

The PRD First Home Buyers’ Guide is designed to help you quickly understand what is on offer to first home buyers around Australia. With so many programs and grants available at the various State and Federal Government levels, it can be difficult to know where to turn to learn what is relevant to your personal situation. This guide helps you do just that.

July 29, 2020, 4:03 a.m.

Australia Economic and Property Report 2020

Australia’s property market has managed to hold its value despite the doom and gloom predictions of what the COVID-19 shutdown would do to property prices. The latest PRD research report, ‘PRD Australian Economic and Property Report 2020’, reveals that on average, median house prices grew in capital city, metropolitan and regional markets in the 12 months to the first half of 2020.

June 24, 2020, 5:25 a.m.

Affordable & Liveable Property Guide 1st Half 2020 - Sydney

Median property prices in Sydney Metro increased by 1.3% for houses to $1,355,000 from 2018 to 2019/20(1) and remained steady for units at $796,500. By comparison, from 2017 to 2018 the median house price in Sydney Metro softened by -4.5%, and the median unit price softened by -2.6%. Thus, the market has recovered from the significant price drop seen in mid-2019.

June 23, 2020, 6:59 a.m.

PRD Penrith Property Update 1st Half of 2020

PRD Penrith Property Market Update 1st Half of 2020 In Q1 2020, Penrith recorded a median house price of $700,000, and a median unit price of $480,000. This represents annual (Q1 2019 – Q1 2020) median price growth of 8.5% for houses and of 3.2% for units. Between Q1 2019 – Q1 2020 total house sales slowed, by -14.4% to 404 sales, while total unit sales increased by 64.2% to 243 sales. With both median prices showing growth despite varying sales volumes, the Penrith property market is showing high resilience. Now is an ideal time to transact in the market.

May 13, 2020, 1:45 a.m.

Top 12 Resilient Regional Areas

The Australian property market is made up of many ‘micro markets’, each performing at its own individual pace dependent upon demographics, population growth, economic structure and fundamentals, and Local/State Government policies. Regional property markets tend to be more resilient compared to their capital city counterparts due to being slightly more insulated from economic shocks, and many Local/State Governments prioritising regional areas growth over the past five years.

April 6, 2020, 1:46 a.m.

Strong Fiscal Policy in Place for Australia to Ride Out COVID-19

COVID-19 is, without a doubt, a disruption and game-changer at the same time. There are many uncertainties at present, and quite a few “doom and gloom” stories on a collapsing economy and being on the brink of a recession. There is no denying that many Australian small businesses and individuals are experiencing the brunt of it, from loss of income to having to close their businesses.

March 30, 2020, 6:22 a.m.

A Home… Or Smashed Avocado On Toast?

The perceived trend of millennials prioritising lifestyle experiences (such as buying smashed avocado on toast), over home ownership aspirations prompted a deeper look into this claim.