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May 22, 2019, 7:03 a.m.
Casino Research Factsheet 1st Half of 2019
The median house price in Casino for Q4 2018 was $315,000 and the median unit price was $317,000. It is quite unusual for a median unit price to sit above a median house price; in this case it is attributed to just 5 unit sales in Q4 2018. These median prices represent annual (Q4 2017 – Q4 2018) price growth of 16.7% and 73.9% respectively. The Casino 2nd Half 2018 Research Factsheet reported annual (Q2 2017 – Q2 2018) price growth of 32.0% (house) and 15.0% (unit). by comparison, houses in Casino have become more affordable, while units have become more expensive.
May 21, 2019, 7:12 a.m.
Glenorchy Research Factsheet 1st Half of 2019
Q4 2018 saw Glenorchy record a median house price of $393,500, and a median unit price of $237,500. This represents an annual (Q4 2017 – Q4 2018) price change of 6.4% and -13.9% for houses and units respectively. By comparison, the 2nd Half 2018 Glenorchy Property Factsheet reported an annual (Q2 2017 – Q2 2018) price growth of 22.6% for houses and of 3.7% for units. Property in Glenorchy has thus become comparatively more affordable, with houses seeing a more sustainable level of growth and units seeing some cooling in median price. That said, this sudden shift in median unit price is in part reflective of a small sales pool, which can naturally result in larger price movements.
May 20, 2019, 6:51 a.m.
Q2 2019 Key Market Indicators – Northern Territory
For the first time in the history of the ‘PRDnationwide Key Market Indicator Awards’, the Northern Territory (NT) has come out as a clear winner among other states, earning four gold awards nationally for Q2 2019 in the following categories: highest home loan affordability index reading, most improved home loan affordability index growth, most improved number of first home buyer loans, and lowest unemployment rate. By doing so, the Northern Territory has taken out Victoria, which was the winning state last quarter.
May 20, 2019, 6:45 a.m.
Q2 2019 Key Market Indicators – Queensland
Queensland (QLD) proves itself to have strong and steady property growth indicators and economic fundamentals, which allows for key property purchasing decisions to be made with confidence in the state. This is particularly crucial in this economic and political climate, where there are many uncertainties within society due to many factors, such as: Federal and State Elections, the potential implementation of the Royal Banking Commission recommendations, and the fluctuating Australian Dollar.
May 20, 2019, 6:28 a.m.
Q2 2019 Key Market Indicators – Australian Capital Territory
The Australian Capital Territory (ACT) continues to perform in the PRDnationwide Q1 2019 Key Market Indicator Awards; earning 4 gold, 1 silver, and 1 bronze award nationally. The ACT has once again earned the gold award nationally for the highest home loan affordability index reading, at 50.0 index points in the September quarter of 2018. This is a 4.4% increase within a 12-month period, previously at 47.9% in the June quarter of 2018.
May 20, 2019, 6:20 a.m.
Q2 2019 Key Market Indicators – Western Australia
Western Australia (WA) had the highest growth in home loan affordability across Australia, taking out the gold award nationally at the PRDnationwide Q1 2019 Key Economic Indicator Awards. The home loan affordability index grew by 5.3% over the past 12 months (to the September quarter of 2018), sitting at 44.0 index points. This is significantly higher than New South Wales (27.3 index points), Victoria (29.5 index points), and Queensland (35.5 index points), as well as the Australian average of 31.9 index points.
May 20, 2019, 6:10 a.m.
Q2 2019 Key Market Indicators – South Australia
South Australia (SA) showed steady economic fundamentals in late 2018, which are set to continue in 2019. The unemployment rate in SA was 5.9% in December 2018, which showed no change when compared to the 12 months prior. This is good news, as there has been no loss in the number of people employed and contributing towards the economy.
May 20, 2019, 5:56 a.m.
Q2 2019 Key Market Indicators – Victoria
Victoria (VIC) leads the nation for first home buyers, achieving a gold award nationally for the highest number of first home buyer loans in the ‘PRDnationwide Q2 2019 Key Market Indicator Awards’, with 8,855 loans approved between the December quarters of 2017-2018. Interestingly, this represented a decline of -10.5% during the timeframe, however much of this is attributed to increasing prices in Melbourne and its immediate inner areas, as well as tighter home mortgage lending policies introduced by banks in the 2nd half of 2018.
May 20, 2019, 5:07 a.m.
Q2 2019 Key Market Indicators – Tasmania
The number of first home buyer loans approved in Tasmania (TAS) in the September quarter of 2018 was 483 loans, which is a significant 25.1% increase compared to the 12 months prior. This has earned TAS a gold award nationally in the PRDnationwide Q1 2019 Key Market Indicator Awards, for the most improved number of first home buyer loans. This confirms TAS as a haven for first home buyers, as it eclipses the 12-month growth to March quarter 2018 of 6.9%, and the June quarter 2018 of 20.5%.