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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.
March 17, 2020, 12:38 a.m.
Australian Bushfires | The Real Estate Perspective
PRD’s latest research report ‘Australia Bushfires | The Real Estate Perspective’ shines a light on the silver lining to the devastating impact many Australian communities have experienced.
Nov. 28, 2019, 6:33 a.m.
Penrith Property Market Update 2nd Half of 2019
In Q3 2019, Penrith recorded a median house price of $651,750, and a median unit price of $460,000. This represents annual (Q3 2018 – Q3 2019) median price softening of -4.9% for houses and -10.2% for units. During this timeframe total house sales slowed, down by -5.5% to 536 sales. Meanwhile unit sales increased, by 2.3% to 220 sales. That said the Penrith market have seen more positive signs over the past 6 months, suggesting confidence is returning.
Nov. 27, 2019, 5 a.m.
Affordable & Liveable Property Guide 2nd Half 2019 - Sydney
A key finding in this report was that in order to identify affordable and liveable areas, suburbs with declining annual median house or unit price growth had to be considered. This was the same methodology applied in the 1st Half 2019¥ report. Therefore, instead of showcasing only suburbs with price growth (which was the trend in 2nd Half 2018µ report), it continued to be an exercise in minimising the decline in capital growth. This is good news for first home buyers because chosen affordable and liveable suburbs are now even more affordable.
Nov. 11, 2019, 6:11 a.m.
Q4 2019 Key Market Indicators – New South Wales
New South Wales (NSW) recorded a home loan affordability index reading of 26.9 points, which represents a 2.3% improvement in the 12 months to the June quarter of 2019. Although this is below the Australian average growth of 3.5% during the same period, it is above traditionally affordable states such as Queensland (QLD), South Australia, and Tasmania (TAS)
Oct. 1, 2019, 3:06 a.m.
Penrith Property Factsheet 1st Half of 2019
Penrith* recorded a median house price of $645,000 in Q1 2019, and a median unit price of $455,000. This resulted in annual (Q1 2018 – Q1 2019) growth of -7.9% for houses and -13.3% for units. Compared with the 2nd Half 2018 Penrith Research Factsheet, which reported annual (Q3 2017 – Q3 2018) growth of -3.3% for houses and -4.3% for units, properties in Penrith* have recently become more affordable. This is great news for home buyers seeking to enter the market for the first time and investors who wish to act counter-cyclically in the market.
Sept. 3, 2019, 4:56 a.m.
Metro Strata Report 2019
With the state of residential strata development currently a hot topic nationally, it is important to gain an overall understanding of each Capital City Metro market’s development pipeline. The PRDnationwide Strata Development Pipeline Capital City Metro Areas September 2019 aims to provide a high-level view of total, proceeding, and deferred/abandoned strata developments, both in terms of number of projects and number of units/apartments planned for the market, between 2018-2020.
Aug. 28, 2019, 6:33 a.m.
Q3 2019 Key Market Indicators – New South Wales
ew South Wales (NSW) continues to offer increasingly affordable opportunities in its property market, with its home loan affordability index at 28.3 points in the March quarter of 2019.