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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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Overview The Gold Coast is a coastal city of Australia located in the southeast corner of Queensland. The Gold Coast stretches from Alberton in the north to Coolangatta in the South. This sundry regi…
Scope The following Property Watch is the result of an investigation into the house, unit and land markets within the Wollongong Local Government Area (LGA). Area Characteristics The Wollongong LGA i…
Area Characteristics The Orange LGA is located 200 kilometres west of Sydney in the Central West Region of NSW. It is accessed via the Mitchell Highway, with daily coach and rail services to Sydney. …
Introduction Smaller size rural lots have proven to be a popular choice for buyers from both city and country areas. City residents often seek a weekend retreat, normally within two to two and a half…
Area Characteristics Randwick is a coastal LGA located approximately seven kilometres south of the Sydney CBD and bounded by the Pacific Ocean and Botany Bay. The LGA has been an increasingly popular…
Local Area Characteristics The River City Also known as the River City, the Brisbane Local Government Area (LGA) boasts the largest population for any LGA within Australia. This large population has …
Area Characteristics The Penrith LGA is located approximately 50 kilometres west of the Sydney CBD at the foot of the Blue Mountains, and bordered by the Blacktown LGA to the east and the Nepean Rive…
Area Characteristics The Port Stephens LGA is located 150 kilometres northeast of Sydney and 38 kilometres northeast of Newcastle, in the Hunter Region of NSW. A popular tourist destination the regio…
The following Property Watch is the result of an investigation into the house, unit and vacant land market comprising suburbs within the Burleigh Heads Area as depicted in the map to the right. The p…
For the purposes of this report, the Northern Cairns Area encompasses the suburbs highlighted orange in the map within the report. This area stretches from Kewarra Beach in the north and Redlynch in …
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