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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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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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The Australian rental market has reached a point of severe stress, with many referring to current conditions as the "rental crisis". This report identifies key suburbs/areas in each capital city that hold a potential for renters. We have attempted to identify suburbs with a lower median rental price compared to the relevant capital city, as well a…
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In Q3 2018, Penrith Local Government Area (LGA) recorded a median house price of $676,500 and a median unit price of $495,000, representing annual (Q3 2017-Q3 2018) price changes of -3.3% and -4.3% r…
New South Wales (NSW) has recently become much more welcoming for first home buyers. In the June quarter 2018, the state achieved the gold award nationally for the most improved number of first home …
New South Wales (NSW) continues to achieve the gold award nationally for most improved number of first home buyer loans for the third quarter in a row, increasing by 80.8% over the past 12 months to …
The recent release of PRD’s ‘2018 Australian Economic and Property Report’ and Capital City ‘Affordable & Liveable Property Guides 1st Half 2018’ signals a significant change in the property market g…
Between 2016 to 2017/18, Sydney Metro median house prices experienced a gentle growth of 0.8%, whilst units softened by -2.4%. This is reflective of a pivot in the metro unit market and a response to…
The Penrith property market recorded a median house price of $695,000 and $500,000 for units in Q1 2018, representing an annual price change of -1.4% and -2.3% respectively. This signals a return tow…
Queensland achieved 5 bronze awards nationally in the Q2 2018 PRD Key Market Data Indicator Awards. QLD has traditionally been known as the more affordable Australian state in terms of property price…
The PRD ‘Ready, Set, GO Regional 2018’ report is a timely ‘go to’ guide for home buyers and investors on affordable options in regional areas. The report highlights regional areas in Queensland, Vict…
PRD, through the Australia Research Council Linkage project funded by the Australian Federal Government, is proud to release Your Green Guide - Residential Real Estate 2018 and an accompanying Green …
Believe it or not… New South Wales’ (NSW) home loan affordability decreased at a slower rate in comparison to Victoria, -1.5% versus -2.0% respectively, over the past 12 months (to June 2017). This i…
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