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PRD’s latest findings reveal every real estate market around Australia is in its own gear speed. Many markets saw a price recovery due to a stable cash rate since November 2023. However, economic conditions and the ‘cost-of-living crisis’ have dampened savings, and a stable cash rate has created “sticky” buyers (those who are in the market but not…
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From the Desk of the Chief Economist
Continue reading >Ballarat offers a perfect blend of rich history, stunning architecture, and modern amenities, creating a vibrant community atmosphere. Its affordable housing, excellent schools, and proximity to nature make it an ideal place for families and professionals alike.
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The Upper Hunter in New South Wales offers a serene lifestyle surrounded by stunning landscapes and a strong sense of community. It's an ideal place for those seeking a peaceful environment with easy access to nature and outdoor activities.
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The results are in: Victoria records the 2nd highest in home affordability growth, at 6.6% over the past 12 months to March 2017; and the 2nd highest growth in nett migration – by 25.9% over the past…
The results are in: Tasmania leads the way in dwelling approvals, increasing by 19.9% over the past 12 months to 205 approvals in June 2017. This is good news for the market, as it services both inte…
The results are in: South Australia leads the way in weekly family income growth, at 4.1% over the past 12 months, to $1545 in March 2017. This level of growth is almost double the Australian average…
The results are in: Property demand will increase the most in Queensland, as nett migration figures increased by an exponential 60.9%, from 5661 in December 2015 to 9111 in December 2016. The PRD Q…
The results are in: Northern Territory (NT) leads the way in home loan affordability, the only state recording double digit growth of 10.2% over the past 12 months to March 2017. The NT also leads th…
The results are in: New South Wales’ home loan affordability has increased by 3.7% over the past 12 months, to 27.7index points. Although still the lowest index reading compared to the rest of Austra…
The results are in: the Australian Capital Territory (ACT) records the highest home loan affordability index reading, at 49.7 points. This exponentially surpasses the Australian average of 32.9 index…
The results are in: Australia’s home loan affordability has improved by 4.4% over the past 12months, at 32.9 index points in March 2017. The Northern Territory leads the way with 10.2% improved affor…
The Kyneton property market has performed exceptionally well due to the continuing implementation of the Kyneton Structure Plan. The current median house price is at $477,500 and $263,000 for vacant …
Sanctuary Point and its surrounding suburbs presents an emerging premium unit market compared to the wider Shoalhaven City Council region, with a median price of $427,722 and annual capital growth of…
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