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March 9, 2018, 1:29 a.m.
Kyogle Research Factsheet 1st Half 2018
The Kyogle property market experienced exponential growth over the past 12 months to Q4 2017, recording a median house price of $277,250 – which represents an annual price change of 15.5%. Over the same period of time house prices in postcode 2474 grew by 10.6% to $293,000. With house prices below those postcode 2474, Kyogle is beckoning buyers and investors with great entry price points whilst also offering higher positive capital growth.
March 6, 2018, 12:21 p.m.
Q1 2018 Key Market Indicators – Victoria
Victoria has emerged as the state with the highest number of first home buyer loans for September quarter 2017, at 8,786 loans. This is higher than New South Wales (6,775 loans) and Queensland (6,271 loans), which suggests effective first home buyer related policies are in place. Although not the most improved, Victoria has reported a 33.0% improvement over the past 12 months. This is encouraging for first home buyers as there has been concerns of increasing unaffordability, especially in Melbourne.
March 6, 2018, 12:06 p.m.
Q1 2018 Key Market Indicators – Tasmania
Tasmania is leading the way in development approvals, with a 48.6% increase reported over the past 12 months to December 2017. This is equivalent to 266 dwelling approvals to the state in December 2017, which although pales in comparison to other states – for example Victoria (5,284 approvals), New South Wales (6,603 approvals), and Queensland (3,364 approvals) – this is quite a momentous achievement for Tasmania. The increase in dwelling approvals cater for the 176.9% growth in nett migration into Tasmania with 407 people as of June 2017. However, there is still an imbalance between supply and demand, suggesting that now is the perfect time for developers to set their sights to Tasmania.
March 6, 2018, 11:49 a.m.
Q1 2018 Key Market Indicators – South Australia
South Australia continues to prove itself as a contender in the realm of income growth, with the Q1 2018 PRDnationwide Key Market Indicators being the 3rd in row (of its series) where South Australia has reported the highest median weekly family income growth. September quarter 2017 figures report a 3.0% growth, making it the highest across Australia, eclipsing the Australian average of 2.3%, Victoria (2.8%), and Queensland and Tasmania (2.5%). This brings South Australia’s median weekly family income to $1,567 per month, higher than Tasmania’s $1,409 per month.
March 6, 2018, 11:31 a.m.
Q1 2018 Key Market Indicators – Australian Capital Territory
The Australian Capital Territory (ACT) wins the gold award for most improved home affordability loan index growth in September quarter 2017, increasing by 8.6% over the past 12 months. ACT also wins the gold award for the highest home loan affordability index reading, with a reading of 54.2 index points in September quarter 2017. This is well above the Australia average (33 index points) and states such as New South Wales (27.7 points), Victoria (31.1 points), and Queensland (37.3 points). Winning these Q1 2018 Key Market Indicator awards suggests that now is the time for first time home buyers and investors to look into the ACT for their next purchase.
March 6, 2018, 11:18 a.m.
Q1 2018 Key Market Indicators – Western Australia
Western Australia has proven to be a desirable place for affordability options, with a 6.4% improvement in their home affordability loan index over the past 12 months to September quarter 2017, making it the 2nd most improved state across Australia after the Australian Capital Territory (8.6%). Furthermore, Western Australia has the 3rd highest home loan affordability index reading of 44.6 points, significantly higher than the Australian average of 33.0 index points.
March 6, 2018, 7:15 a.m.
Q1 2018 Key Market Indicators – New South Wales
New South Wales wins the gold award for most improved number of first home buyer loans for the period of September quarter 2016 - September quarter 2017, reporting an extraordinary growth of 70.9%. This is an unexpected result considering the comparative prices between Sydney and other capital cities, however it is an encouraging sign for the state as it shows that current land release and first home buyer policies are working. Furthermore, New South Wales takes out the silver award for the highest number of first home buyer loans for the September quarter 2017, registering 6,775 first home buyer loans.
March 6, 2018, 7:05 a.m.
Q1 2018 Key Market Indicators – Northern Territory
The Northern Territory takes out two gold awards in PRDnationwide’s Q1 2018 Key Market Indicator awards, for lowest unemployment rate (as of January 2018) at 3.9% and most improved unemployment rate (as of January 2018) at -18.8%. This builds confidence when it comes to those seeking employment alternatives across the differing states, particularly as there has been concerns in regards to slowing industries and number of jobs available over the past 24 months. What’s more, median weekly family income for the Northern Territory sits at $2,107 as of September quarter 2017, making it the 2nd highest in Australia.
March 6, 2018, 6:52 a.m.
Q1 2018 Key Market Indicators – Queensland
The number of first home buyer loans in Queensland as of September quarter 2017 is 6,271 loans, making it the 3rd highest number of first home buyer loans across the country, after Victoria (8,786 loans) and New South Wales (6,775 loans). This is an interesting and unexpected result for QLD, considering that the state has been known for more affordable property prices in comparison to Victoria and New South Wales – suggesting that improvements related to first home buyers policies are needed.
March 6, 2018, 6:39 a.m.
Q1 2018 Key Market Indicators
The PRDnationwide Q1 2018 Key Market Indicators provide a quick snapshot of the current state of affairs from an economic and property market perspective. The Key Market Indicators cover both national and state level data.