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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.
May 29, 2019, 12:02 a.m.
Central Coast Postcode 2259 and 2261 Research Factsheet 1st Half 2019
Over the past 12 months to Q4 2018, the Central Coast area, particularly that of postcodes 2259 and 2261 recorded a median house price of $600,000. This reflected an annual (Q4 2017 – Q4 2018) softening of -3.2%. Median unit price slightly decreased, by -1.3% to $430,000 during this time frame. By comparison the Central Coast 2nd half 2018 Research Factsheet reported a 4.7% median price growth for house and stable growth for units between Q3 2017-Q3 2018. The Central Coast property market has become more affordable.
May 28, 2019, 11:55 p.m.
Postcodes 2264 and 2265 Research Factsheet 1st Half of 2019
The property market in postcodes 2264 and 2265 recorded a median house price of $545,000 in Q4 2018. This reflected an annual (Q4 2017 – Q4 2018) median price softening of -5.2%. On the other hand, the median unit price strengthened during this timeframe, by 1.7% to $390,000. By comparison the Postcodes 2264 and 2265 2nd half 2018 Research Factsheet reported a 6.4% median price growth for house and 8.2% for units between Q3 2017-Q3 2018. This suggests properties in postcodes 2264 and 2265 is now more affordable
May 28, 2019, 7:06 a.m.
Norwest Research Factsheet 1st Half of 2019
Positioned around 30km north-west of Sydney, Norwest is an area which encapsulates the suburbs of Baulkham Hills, Rouse Hill, Castle Hill, and Bella Vista. These suburbs are noted particularly for their commercial precincts, which include office and retail uses, as well as strata industrial property.