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Aug. 14, 2018, 2:25 a.m.
Nundah Research Factsheet 1st Half of 2018
The softening in Nundah’s unit property market is at a faster rate than that of cooling unit prices in Brisbane. For investors this may suggest that caution needs to be heeded as to which type of residential stock is chosen, however first home buyers/owner occupiers can rejoice at increasing affordable options in the near future to assist them entering the property market.
Aug. 14, 2018, 1:48 a.m.
Bribie Island Research Factsheet 1st Half of 2018
The Bribie Island property market recorded a median house price of $461,000 and $345,000 for units in Q1 2018, which represents an annual price change of 3.9% and 0.0% respectively. This signals an improvement in price growth (0.2% and -1.4%, respectively) that occurred in the previous 6 months, which is welcome news for home-owners and investors.
Aug. 14, 2018, 1:12 a.m.
Maryborough Research Factsheet 1st Half of 2018
Maryborough is a more attractive option for first home buyers, as not only can houses be secured at a more affordable price than the Fraser Coast Region, it is currently increasing in affordability. Now is the time for buyers to enter the market and capitalise on this great opportunity.
July 30, 2018, 2:35 a.m.
Maroubra Research Factsheet 1st Half 2018
Maroubra is proving itself to be a secure and well-sought-after market. The property market in Maroubra, particularly postcode 2035/2036, recorded a median house price of $2,019,500 and $890,000 for units in Q1 2018, which represents an annual price change of 5.2% and 4.7% respectively. Over the same period of time (Q1 2017-Q1 2018), house prices in the City of Randwick Local Government Area (LGA) softened by -2.4% to $2,200,000 and unit prices by -2.1% to $933,000. Compared to the LGA, houses and units are more affordable in postcode 2035/2036 and with higher capital growth. The positive price growth in postcodes 2035/2036 is a contrast to the softening Sydney market, thus confirming Maroubra as an investment hotbed.
July 23, 2018, 6:53 a.m.
Australian Economic Property Report 2018
The recent release of PRDnationwide’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 generally and particularly within the housing affordability landscape. The set of reports provides an overview of the key economic drivers and their impact on the property market, assisting home buyers and investors in making fact based property decisions.
July 23, 2018, 6:36 a.m.
Affordable & Liveable Property Guide 1st Half 2018
The PRDnationwide Affordable & Liveable Property Guides are available for Sydney, Melbourne, Brisbane, and Hobart. The guides provide valuable insights for the Australian property market, reporting on many key indicators to create a holistic picture of property conditions in each capital city. 2018 sees liveability added as a new criterion included in our methodology. This ensures that not only does our report highlight affordable suburbs but also those that have high liveability factors. This provides us with insight to the ‘cost of liveability’ and how much home buyers need to be prepared to pay.
July 23, 2018, 6:07 a.m.
Sydney - Affordable & Liveable Property Guide 1st Half 2018
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 increased unit supply, confirming a return towards a more sustainable market. Now is the time for buyers to enter the market and capitalise on opportunities of affordability. Prospective houses buyers looking for affordable options should look toward Sydney’s south-western suburbs. A particularly attractive market for investors can be found in Parramatta, which experienced a 20.8% in annual growth and is expecting a further $297.2M of investment in the 1st half of 2018.
July 23, 2018, 5:50 a.m.
Melbourne - Affordable & Liveable Property Guide 1st Half 2018
The Melbourne City Local Government Area median house prices experienced a 1.3% growth and unit median prices grew by 7.9% from 2016 to 2017/2018*. The majority (79.5%) of suburbs in greater Melbourne experienced double digit price growth, whereas 16.8% experienced single digit growth and only 3.7% had negative growth. This points to the wide scale decline in affordability across greater Melbourne. Property buyers will be pleased by the existence of affordable options in the midst of continued price growth, across suburbs in the north-west for houses and south for units. At the same time, rental prices in the LGA have trended upwards for houses whilst remaining stable for units. Table 1. Melbourne’s top performing suburbs in the 1st half of 2018
July 23, 2018, 5:30 a.m.
Brisbane - Affordable & Liveable Property Guide 1st Half 2018
Between 2016 to the 1st quarter of 2018*, the number of houses sold in the Brisbane City Local Government Area (LGA) grew by 17.9%. The median price also grew by 3.1%, indicating real capital growth and healthy demand. Units however, have become increasingly affordable as prices have softened by -3.1%. The majority (61.3%) of suburbs in greater Brisbane experienced single digit price growth, 14.9% experienced double digit growth and 23.8% had negative growth. Property buyers will be ecstatic to learn about these affordable options amid continued price growth across suburbs in the north and south. At the same time, rental prices in the LGA have remained stable for both houses and units.
July 23, 2018, 4:52 a.m.
Hobart - Affordable & Liveable Property Guide 1st Half 2018
The city of Hobart’s median property prices increased by 10.6% for houses and 7.2% for units between 2016 to 2017/2018. At the same time, sales transactions increased by 30.7% (houses) and 54.0% (units), which signifies exceptional demand is driving the market rather than scarcity of stock. Current evidence signals that double digit price growth will further continue into 2018, resulting in Hobart being Australia’s top achieving capital city. The highest level of growth is anticipated later into 2018, which will level out to single digits over 2019/2020. With the current activity in Hobart’s property market, there is unlikely to be relief from rising prices. Those looking for more affordable options need to look at the northern area of Hobart.