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Australian Economic and Property Report - PRDnationwide

Feb. 20, 2018, 2:04 a.m.

PRD Perth Economic and Property Market Forecast 2018

A key focus of the Perth Economic and Property Market Forecast was to explore the extent to which the Perth local economy functions differently from the larger Australian economy (of which it is a part) in influencing Perth’s residential property market. This report highlights where Perth's residents are moving to, economic trends, and forecasted employment. Also, areas of population growth, which helps in predicting future mobility patterns, and demographic change informs possible strengths as to why Perth is likely to be a favourable market to buy property. The current indicators and future projects looks favourable.

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Feb. 15, 2018, 6:57 a.m.

Tumbarumba Research Factsheet 1st Half 2018

The Tumbarumba property market recorded a median house price of $217,500 in Q4 2017, representing an annual growth of 3.6%. Meanwhile, the Snowy Valleys Council recorded a median house price of $250,000. Property prices in Tumbarumba sit just below the LGA, indicating that it offers a more affordable entry point into the market – yet with potential buyers being able to take advantage of positive capital growth.

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Feb. 13, 2018, 5:35 a.m.

Palm Beach Research Factsheet 1st Half of 2018

The Palm Beach property market recorded a median house price of $787,500 and $442,500 for units in Q4 2017, representing strong annual capital growth of 11.7% and 16.4% respectively. Over the same period of time (Q4 2016-Q4 2017) house prices in the Gold Coast City Region grew by 4.9% to $645,000 and unit prices remain the same at $415,000. Not only does this indicate that the house market in Palm Beach is a premium and sought-after market, it also showcases a flourishing unit market amidst a softening and rumoured oversupply in the Gold Coast in general.

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Feb. 11, 2018, 11:50 p.m.

Norwest Research Factsheet 1st Half 2018

The Norwest property market recorded a median house price of $1,280,250 in Q4 2017, signaling a partial softening of -1.5%. Meanwhile, Norwest’s unit market recorded a median price of $850,000, representing a strong growth of 6.4%. The Hills Shire LGA house price grew by 8.8% to $1,320,000 and unit prices grew by 11.3% to $835,000. A slightly more affordable option is presented by the Norwest market, whilst still benefiting from opportunities for capital growth.

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Feb. 9, 2018, 7:24 a.m.

PRD Tumut Research Factsheet 1st Half 2018

The Tumut property market recorded a median house price of $260,000 in Q4 2017, which showcases exponential growth over the past 12 months of 23.8%. This is above the Snowy Valley Council’s LGA annual growth (over the same period of time) of 19.0% and median house price of $250,000. This confirms the Tumut house market as a premium market in the area, where homeowners and investors can capitalize on higher price growth.

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Feb. 8, 2018, 2:11 a.m.

Albury Research Factsheet 1st Half of 2018

Albury recorded a median house price of $335,000 and $140,000 for vacant land in Q4 2017, representing an annual price change of 1.5% and 3.7% respectively. Over the same period of time (Q4 2016-Q4 2017) house prices in Albury LGA softened by -2.6% (to $331,500), which indicates that current owners will benefit from higher capital growth in Albury.

2nd Half 2017 Research Factsheet

Dec. 22, 2017, 3:26 a.m.

Marsden Research Factsheet 2nd Half 2017

Median prices in Marsden were recorded at $375,000 for house and $233,000 for units in Q3 2017, representing an annual price change of 4.2% and -14.9%, respectively. Over the same period of time (Q3 2016 – Q3 2017), house prices in Logan City LGA grew by 4.3% to $417,000 and unit prices softened by -9.0% to $242,000. Marsden thus offers itself as a more affordable entry point when compared to the wider Logan LGA, with on par capital growth. This suggests that now is the time for owner-occupiers and keen investors to enter the market.

2nd Half 2017 Research Factsheet

Dec. 22, 2017, 2:58 a.m.

Caboolture Research Factsheet 2nd Half 2017

For the past twelve months to Q3 2017, Caboolture property market has experienced a partial annual softening of -4.1% for houses and -3.6% for units. The median price is currently sitting at $327,500 for house and $188,000 for unit. On the other hand, the Moreton Bay Region median house prices recorded a median house price of $450,000 (+2.5% growth) and median unit price of $259,000 (+1.6% growth). The Caboolture property market offers a more affordable choice in comparison the Moreton Bay Region and the recent price softening indicate an ideal time for first home buyers and investors to jump into the market.

2nd Half 2017 Research Factsheet

Dec. 22, 2017, 2:42 a.m.

Nundah Research Factsheet 2nd Half 2017

The housing market in Nundah and its surrounding areas (postcode 4012) has performed extremely well up to Q3 2017, recording a median house price of $699,000 with an annual growth of 12.7%. This is well above the annual growth (Q3 2016 – Q3 2017) in Brisbane City LGA (2.2%). Over the same period Nundah recorded a median unit price of $380,000, which is lower than the Brisbane City LGA ($440,000). Investors and owner occupiers alike can have confidence in the Nundah market, as those wanting to purchase a house will benefit from higher capital growth whilst those wanting to enter the unit market can enjoy more affordable options.

2nd Half 2017 Research Factsheet

Dec. 22, 2017, 2:38 a.m.

Liverpool Research Factsheet 2nd Half 2017

The Liverpool property market recorded a median house price of $814,000 and $539,500 for units in Q3 2017, representing an annual price growth of 9.6% and 14.5% respectively. Over the same period of time the Liverpool City Council area recorded median house price of $794,000 and $532,000, with an annual price change of 5.9% and 10.9% respectively. Liverpool is proving to be a premium market in comparison to the wider LGA, where owner-occupiers and investors can enjoy higher capital growth.