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March 24, 2021, 5:27 a.m.
PRD Stand Out Regions | Top 10 Affordable Regional Areas 2021
There has been a high influx of first home buyers that have entered the property market in 2020, resulting in a growth of 50.4% between the December quarters of 2019 and 2020. This further boosted an already strong market with record low interest rates and increasingly lenient bank lending policies.
March 9, 2021, 1:39 a.m.
First Home Buyers’ Guide 2021
The ‘PRD First Home Buyers’ Guide 2021’ is designed to help you quickly understand what is on offer to first home buyers around Australia. With so many programs and grants available at the various State and Federal Government levels, and its various updates at any given time, it can be difficult to determine what is relevant to your personal situation. This guide helps you do just that.
Feb. 10, 2021, 12:15 a.m.
Coolangatta Property Market Update 1st Half of 2021
In Q4 2020, Coolangatta* recorded a median house price of $720,000, and a median unit price of $482,000. This represents annual (Q4 2019 – Q4 2020) median price growth of 7.5% for houses and 8.4% for units. Between Q4 2019 – Q4 2020 sales declined, by -2.2% for houses (to 2007 sales) and by -7.1% for units (to 2551 sales). Price growth coupled with lower stock suggest a potential undersupply. The current Coolangatta* market indicate an ideal time to sell, as vendors are achieving final sale prices closer to their expectations due to the surge in demand, as well as low average days on the market.
Feb. 10, 2021, 12:06 a.m.
Tweed Heads Property Market Update 1st Half of 2021
In Q4 2020, Tweed Heads recorded a median house price of $738,000, and a median unit price of $500,000. This represents annual (Q4 2019 – Q4 2020) median price growth of 7.8% for houses and 8.1% for units. Between Q4 2019 – Q4 2020 house sales declined, by -1.8% (to 482 sales), but increased for units, by 6.2% (to 343 sales). Price growth and lower stock suggest a potential undersupply in the house market. The unit market shows real return on capital investment, as price growth is matched by an increase in sales. Now is an ideal time to transact, with unique opportunities for both sellers and buyers.
Feb. 9, 2021, 6:08 a.m.
Upper Hunter Property Market Update 1st Half of 2021
In Q4 2020, the Upper Hunter recorded a median house price of $350,625, and a median unit price of $223,500. This represents annual (Q4 2019 – Q4 2020) median price growth of 6.3% for houses and a price softening of -16.3% for units. Between Q4 2019 – Q4 2020 total sales increased, by 23.3% for houses (to 196 sales) and by 154.5% for units (to 28 sales). Median price growth alongside increased market activity suggest real returns on capital investment, thus creating an ideal market to sell your house. The unit market has become more affordable for first home buyers.
Feb. 9, 2021, 5:40 a.m.
Burleigh Heads Property Market Update 1st Half of 2021
In Q4 2020, Burleigh Heads recorded a median house price of $985,000, and a median unit price of $620,000. This represents annual (Q4 2019 – Q4 2020) median price growth of 17.7% for houses and 22.7% for units. Between Q4 2019 – Q4 2020 total sales in both markets declined, by -13.0% for houses (to 180 sales) and by -1.4% for units (to 345 sales). Price growth coupled with lower stock suggest a potential undersupply in the market. Current conditions in Burleigh heads indicate an ideal time to sell, as vendors are achieving final sale prices closer to their expectations due to the surge in demand.
Feb. 9, 2021, 5:26 a.m.
Ashmore Property Market Update 1st Half of 2021
In Q4 2020, Ashmore recorded a median house price of $652,000, and a median unit price of $405,000. This represents annual (Q4 2019 – Q4 2020) median price growth of 2.9% for houses and 15.7% for units. Between Q4 2019 – Q4 2020 sales increased by 23.0% for houses (to 75 sales), however units declined by -9.1% (to 50 sales). There is a potential undersupply in the unit market, as indicated by price growth yet lower stock. Current conditions in Ashmore indicate an ideal time to sell, as vendors are achieving final sale prices closer to their expectations and average days on the market declined.
Feb. 9, 2021, 5:09 a.m.
Macquarie Park Property Market Update 1st Half of 2021
of $750,000. This represents annual (Q4 2019 – Q4 2020) median price growth of 6.7% for houses and In Q4 2020, Macquarie Park recorded a median house price of $1,800,000, and a median unit price a price softening of -13.1% for units. Between Q4 2019 – Q4 2020 total house sales increased by 10.6% (to 156 sales), while units slowed by -32.5% (to 247 sales). Macquarie Park’s house market presents an opportune time to sell, with not only median price growth but also an increase in the number of house sales. The Macquarie Park unit market is now more affordable for first home buyers.
Feb. 9, 2021, 4:54 a.m.
Bungendore Property Market Update 1st Half of 2021
In Q4 2020, Bungendore recorded a median house price of $845,000, and a median vacant land price of $369,000. This represents annual (Q4 2019 – Q4 2020) median price growth of 36.5% for houses and 15.3% for land. Between Q4 2019 – Q4 2020 total sales in both markets slowed, by -23.1% for houses (to 30 sales) and by -76.9% for land (to 3 sales). Price growth in both property types coupled with low stock indicate a potential undersupply in Bungendore, thus now is an ideal time to sell.
Feb. 9, 2021, 4:17 a.m.
Albury Property Market Update 1st Half of 2021
In Q4 2020, Albury recorded a median house price of $415,000, and a median vacant land price of $150,000. This represents annual (Q4 2019 – Q4 2020) median price growth of 7.8% for houses and a price softening of -4.0% for land. Between Q4 2019 – Q4 2020 total sales in both markets increased sharply, up by 28.2% for houses (to 336 sales) and by 36.0% for land (to 102 sales).