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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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PRD’s Australian Economic and Property Report 2017 is a comprehensive and important resource for those wanting to keep up to date on evolving key economic and property market trends.
The property market in Nundah and its surrounding suburbs has witnessed solid performance over the past 12 months. In Q4 2016 it recorded median house price of $700,000 with an annual growth of 7.7% …
The property market in Nundah and its surrounding suburbs has witnessed solid performance over the past 12 months. In Q4 2016 it recorded median house price of $700,000 with an annual growth of 7.7% …
The Caboolture property market has witnessed solid performance over the past 12 months to Q1 2017, with a unique combination of annual price growth and comparatively affordable property prices.
The Caboolture property market has witnessed solid performance over the past 12 months to Q1 2017, with a unique combination of annual price growth and comparatively affordable property prices.
Compared to the Logan City LGA, Marsden area offers a more affordable house market for first home buyers at a median price of $360,000; while offering a stronger double digit growth (13.3%) for units…
The Carina and Carindale property markets have witnessed a soft market reversal over the past 12 months for units and a stabilisation of growth for houses which sees median price growth being retaine…
The Derrimut property market has continued its trend of growth, with investors able to rely on increasing capital gains in the housing market, and consistent returns in the house rental market.
Coolum Beach is currently an attractive property market for investors. In Q1 2017 it recorded a median price of $608,000 for houses (with an annual growth of 7.4%) and $385,000 for units (with a doub…
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