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Australian Economic Property Report 2019
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Aug. 16, 2019, 6:40 a.m.
PRD Albury Market Update 2nd Half of 2019
In Q2 2019, Albury recorded a median house price of $329,400, and a median vacant land price of $145,000. This represents annual (Q2 2018 – Q2 2019) median price softening of -3.1% for houses and -9.1% for vacant land. At the same time, total sales in both markets slowed for Q2 2019, down by -32.5% for houses to 193 sales and by -26.5% for vacant land to 36 sales. Affordability growth and less competition in Albury makes now the time for buyers to act.
Aug. 16, 2019, 6:34 a.m.
Coolangatta Market Update 2nd Half of 2019
In Q2 2019, Coolangatta recorded a median house price of $625,000 (1229 sales), and a median unit price of $430,000 (1246 sales). This represents annual (Q2 2018 – Q2 2019) median price softening of -1.4% for houses and a strengthening of 7.0% for units. The Coolangatta house market has become more affordable for first home buyers. The unit market has remained resilient, which instils confidence in current unit owners and future unit sellers.
July 31, 2019, 12:28 a.m.
Australian Economic Property Report 2019
Now in its twelfth year, the PRDnationwide Australian Economic and Property Report provides key insights into several economic indicators, monetary and fiscal policy, key events; and how they have impacted the property market.
July 4, 2019, 6:57 a.m.
Tamworth Research Factsheet 1st Half of 2019
In Q1 2019, Tamworth* recorded median prices of $350,000 (house) and $275,000 (unit). This represented annual (Q1 2018 – Q1 2019) price changes of -7.9% and 36.1% for houses and units respectively. The 2nd Half 2018 Tamworth Research Factsheet, by comparison, reported annual (Q3 2017 – Q3 2018) price movements of 10.3% for houses and -4.3% for units. This suggests that houses have recently become more affordable, whilst units have increased in value. Note that the recent large shift in median unit price is in part due to a small pool of sales data, with just 23 sales recorded in Q1 2019 across Tamworth*.
July 4, 2019, 6:42 a.m.
Northern Rivers Research Factsheet 1st Half of 2019
The Northern Rivers* area recorded a median house price of $410,000 in Q1 2019, and a median unit price of $330,000. This represents annual (Q1 2018 – Q1 2019) price shifts of -6.3% (house) and 5.8% (unit). These figures indicate units have shown superior short-term capital growth retention capacity, whilst houses have become more affordable for first time home buyers.
June 27, 2019, 7:07 a.m.
Brisbane - Affordable & Liveable Property Guide 1st Half 2019
Between 2017 and 2018/191 the number of houses sold in the Brisbane City Local Government Area (LGA) grew by 8.1%. During this time, the median house price remained stable, growing by 0.7% (to $675,000) and showing market resilience. The Brisbane LGA unit market has seen a sustainable level of price growth, with a median price of $450,000 in 2018/191.
June 27, 2019, 6:34 a.m.
Sydney - Affordable & Liveable Property Guide 1st Half 2019
Between 2017 and 2018, Sydney Metro median house prices have softened by -5.6%, whilst units have softened by -2.5%. Affordable options can be found in Sydney’s South Western suburbs.
June 27, 2019, 5:20 a.m.
Melbourne - Affordable & Liveable Property Guide 1st Half 2019
The Melbourne Metro house median price slightly softened by -0.4% between 2017 and 2018/20191, whereas the median unit price remained resilient, growing by 1.7% during the same time frame. Although a softening in the housing market was predicted, further growth in the unit market was not. Affordable house and unit options can be found in the north, south and east of Melbourne Metro, which opens the market up to more first home buyers.
June 27, 2019, 4:55 a.m.
Hobart - Affordable & Liveable Property Guide 1st Half 2019
Median property prices in Hobart grew by 1.7% (houses) to $450,000 and 4.0% (units) to $340,000 between 2017 and 2018. During this time sales transactions softened by -41.1% (houses) and -50.3% (units), indicating that price increases were due to scarcity of stock. Compared to the 10.6% (houses) and 7.2% (units), median price growth quoted in the Hobart Affordable and Liveable Property Guide 1st Half 2018, this signals that the market is starting to return to a more sustainable level of price growth. This is great news for first home buyers, as they have been priced out of the market for the past 12 months by interstate investors.
June 27, 2019, 3:53 a.m.
Affordable & Liveable Property Guide 1st Half 2019
The PRDnationwide Affordable and Liveable Property Guides 1st Half 2019 are available for Sydney, Melbourne, Brisbane, and Hobart. These property guides provide valuable insights and highlights for the market, and report on many key indicators to create a holistic picture of the property conditions in each capital city.