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As of the December quarter of 2023, housing affordability in New South Wales, Victoria, South Australia, Tasmania, and the Australian Capital Territory have been all at their lowest in 20 years. In the past 12 months (to the December quarter of 2023), the weighted average capital city Australian median house price grew by 5.3% to $$1,005,242, maki…
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Australia’s economy is entering a new phase following 12 consecutive cash rate hikes since May 2022. With the cash rate currently in a ‘hold’ pattern (at 4.1%), there is a multiplier effect on all facets of life. How does this impact the property market for the rest of 2023 and early 2024? And is the cash rate the only issue?
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The PRD Affordable and Liveable Property Guides 2nd half 2023 are available for Brisbane, Sydney, Melbourne, Hobart, Gold Coast, and Perth. These guides provide valuable insights on property trends and how current economic conditions (including cash rate hikes) have impacted the market, as well as future developments for the next 6 months. For tho…
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The Australian rental market has reached a point of severe stress, with many referring to current conditions as the "rental crisis". This report identifies key suburbs/areas in each capital city that hold a potential for renters. We have attempted to identify suburbs with a lower median rental price compared to the relevant capital city, as well a…
Continue reading >The PRD Property Search showcases property for sale and rent right across Australia. Find the latest homes for sale and search for Australian Real Estate.
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In Q2 2021, Tweed Heads recorded a median house price of $882,000, and a median unit price of $557,000. This represents annual (Q2 2020 – Q2 2021) median price growth of 37.9% for houses and 18.5% fo…
In Q2 2021, Coolangatta recorded a median house price of $780,000, and a median unit price of $490,000. This represents annual (Q2 2020 – Q2 2021) median price growth of 16.4% for houses and 7.7% for…
In Q2 2021, Ashmore recorded a median house price of $704,000, and a median unit price of $420,000. This represents annual (Q2 2020 – Q2 2021) median price growth of 15.6% for houses and 28.1% for un…
In Q2 2021, Wodonga recorded a median house price of $460,000, and a median vacant land price of $185,000. This represents annual (Q2 2020 – Q2 2021) median price growth of 25.4% for houses and 27.6%…
In Q2 2021, Macquarie Park (which throughout this report includes Macquarie Park, North Ryde, Epping, West Ryde, and Eastwood) recorded a median house price of $2,100,000 and a median unit price of $…
In Q2 2021, Albury recorded a median house price of $410,000, and a median vacant land price of $160,000. This represents annual (Q2 2020 – Q2 2021) median price growth of 22.0% for houses and 3.2% f…
In Q2 2021, Bungendore recorded a median house price of $815,000, and a median vacant land price of $389,000. This represents annual (Q2 2020 –Q2 2021) median price growth of 16.0% for houses and 21.…
In Q1 2021, Caboolture recorded a median house price of $400,000, and a median unit price of $290,000. This represents annual (Q1 2020 – Q1 2021) median price growth of 15.1% for houses and a signifi…
In Q1 2021, Mildura recorded a median house price of $350,000 and a median vacant land price of $185,000. This represents annual (Q1 2020 – Q1 2021) median price growth of 10.2% for houses and signif…
In Q1 2021, Bribie Island recorded a median house price of $579,000, and a median unit price of $384,000. This represents annual (Q1 2020 – Q1 2021) median price growth of 12.4% for houses and 9.1% f…
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