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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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Strong median price growth from June 2007-June 2017 holds Southport as a good place to enter the market and invest. The Southport property market has shown positive growth over the past 12 months to…
Warwick recorded a median house price of $270,000 in Q2 2017, representing an annual growth of 7.6%. Over the same time, the wider Southern Downs Region experienced a 0.7% growth with a median house …
The Ashmore property market recorded a median house price of $585,000 and $327,000 for units in Q2 2017, representing an annual price change of 0.9% and 10.5% respectively. The Molendinar property ma…
The Ashmore property market recorded a median house price of $585,000 and $327,000 for units in Q2 2017, representing an annual price change of 0.9% and 10.5% respectively. The Molendinar property ma…
Albury and its larger local government are is currently providing a more affordable option for those wanting to enter the property market, due to a slight softening in it’s house median price (-3.2%)…
Albury and its larger local government are is currently providing a more affordable option for those wanting to enter the property market, due to a slight softening in it’s house median price (-3.2%)…
Over the past year to 1st half 2017 house prices in Runaway Bay has seen annual growth of 0.5%, currently at $960,000. This is above the Gold Coast LGA median house price of $630,000; suggesting that…
Coolangatta is located approximately 30 minutes from Gold Coast City CBD, and is minutes away from the Gold Coast City international airport. The Coolangatta house market is a premium market both in …
The Chatswood commercial market saw another consecutive softening in the number of properties sold in the 1st half of 2017, to a total of 14 sales. The total value of these sales have also seen a red…
The house market in Toowoomba and its surrounding suburbs has witnessed solid performance over the past 12 months. The median house price has risen by 3.0% (higher than the annual growth in the wider…
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