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July 29, 2020, 4:03 a.m.
Australia Economic and Property Report 2020
Australia’s property market has managed to hold its value despite the doom and gloom predictions of what the COVID-19 shutdown would do to property prices. The latest PRD research report, ‘PRD Australian Economic and Property Report 2020’, reveals that on average, median house prices grew in capital city, metropolitan and regional markets in the 12 months to the first half of 2020.
July 27, 2020, 12:27 a.m.
PRD Macquarie Park Market Update 1st Half of 2020
In Q4 2019, Macquarie Park* recorded a median house price of $1,685,000, and a median unit price of $865,000. This represents annual (Q4 2018 – Q4 2019) median price growth of 17.8% for houses and of 15.6% for units. At the same time, total sales in both markets grew for Q4 2019, up by 27.6% for houses to 134 sales and by 72.9% for units to 363 sales. With Macquarie Park* showing strong signs on all fronts, now is the time to enter the market.
July 27, 2020, 12:06 a.m.
PRD Broome Market Update 1st Half of 2020
In the 2nd half of 2019 Broome recorded a median house price of $460,500 and median unit price of $310,000. This represents annual (2nd half 2018 – 2nd half 2019) median price softening of -0.4% for houses and growth of 4.6% for units. Between 2nd half 2018 – 2nd half 2019 house sales remained steady (88 sales), whilst unit sales increased by 25.0% (20 sales). Broome housing market has been relatively steady, with properties that offer value for money preferred. This is similar for units, except for holiday/resort units.
July 8, 2020, 4:49 a.m.
Tamworth Market Update 1st Half of 2020
In Q1 2020, Tamworth recorded a median house price of $380,000, and a median unit price of $292,250. This represents annual (Q1 2019 – Q1 2020) median price growth of 8.6% for houses and a of 25.7% for units. Between Q1 2019 – Q1 2020 total sales increased in both markets, by 0.6% for houses (to 181 sales) and by 7.7% for units (to 14 sales). Limited unit sales make this data volatile, however with both markets showing positive capital growth and increasing demand, now is an ideal time to transact in Tamworth.
July 7, 2020, 3:18 a.m.
Beverly Hills Market Update 1st Half of 2020
Strong capital growth and an increase in market activity suggests now is the time to buy and sell in Beverly Hills.
July 7, 2020, 2:57 a.m.
PRD Ramsgate Beach Market Update 1st Half of 2020
A rapid increase in median house price growth paired with limited sales suggest a potential undersupply, thus now is an ideal time to sell in Ramsgate Beach.
July 7, 2020, 2:44 a.m.
PRD Bexley North Market Update 1st Half of 2020
Confidence has returned to Bexley North, with properties in high demand. Houses suggest real returns on investment, making now a good time to enter the market.
July 7, 2020, 2:21 a.m.
PRD Kingsgrove Market Update 1st Half of 2020
Despite lower volumes, house capital growth has gone from strength to strength; and there is real capital growth in the unit market. Now is a good time to own property in Kingsgrove.
June 24, 2020, 5:42 a.m.
National Affordable & Liveable Property Guide 1st Half 2020
The PRD Affordable and Liveable Property Guides 1st Half 2020 are available for Brisbane, Sydney, Melbourne and Hobart. These guides provide valuable insights and highlights of the market and report on many key indicators to create a holistic picture of property conditions in each capital city.
June 24, 2020, 5:25 a.m.
Affordable & Liveable Property Guide 1st Half 2020 - Sydney
Median property prices in Sydney Metro increased by 1.3% for houses to $1,355,000 from 2018 to 2019/20(1) and remained steady for units at $796,500. By comparison, from 2017 to 2018 the median house price in Sydney Metro softened by -4.5%, and the median unit price softened by -2.6%. Thus, the market has recovered from the significant price drop seen in mid-2019.