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March 20, 2020, 2:01 a.m.

Albury PRD Market Update 1st Half of 2020

In Q4 2019, Albury recorded a median house price of $372,500, and a median vacant land price of $147,500. This represents annual (Q4 2018 – Q4 2019) median price growth of 6.4% for houses and price stability for vacant land. At the same time, total sales in both markets slowed for Q4 2019, down by -5.2% for houses to 237 sales and by -37.5% for vacant land to 40 sales. Capital growth and less sales competition makes now an ideal time to sell in Albury.

March 20, 2020, 1:54 a.m.

Casino PRD Market Update 1st Half of 2020

In Q4 2019 Casino recorded a median house price of $275,000 and a median unit price of $239,000. This represents annual (Q4 2018 – Q4 2019) median price softening of -7.3% for houses and -22.9% for units. Over the same period, demand slightly increased for houses by 6.0% (to 53 sales), however units declined in sales by -28.6% (to 5 sales). Property prices in Casino are currently more affordable, indicating that now is an ideal time for first home buyers to enter the market.

March 20, 2020, 1:44 a.m.

Bungendore PRD Market Update 1st Half of 2020

In Q4 2019, Bungendore recorded a median house price of $670,000, and a median vacant land price of $320,000. This represents an annual (Q4 2018 – Q4 2019) median price softening of -1.3% for houses and median price growth of 1.7% for vacant land. In this time total sales for houses improved by 43.5% (to 33 sales in Q4 2019) whilst vacant land sales were steady (9 sales in Q4 2019). With underlying land values and demand for houses increasing the Bungendore market is in good health to buy and sell in.

March 20, 2020, 1:36 a.m.

Coolangatta PRD Market Update 1st Half of 2020

Coolangatta recorded a median house price of $650,000 and a median unit price of $420,000 in Q4 2019. This represents annual (Q4 2018 – Q4 2019) median price growth of 1.6% for houses and a softening of -5.6% for units. Between Q4 2018 – Q4 2019, total sales declined by -17.1% (to 1359 sales) for houses and by -19.8% (to 1680 sales) for units. There is currently less competition in Coolangatta and a more affordable unit price, which provides a great opportunity for first home buyers to enter the market.

March 20, 2020, 1:31 a.m.

Tweed Heads PRD Market Update 1st Half of 2020

Tweed Heads recorded a median house price of $670,000 and a median unit price of $430,000 in Q4 2019. This represents annual (Q4 2018 – Q4 2019) median price growth of 2.1% for houses and a slight softening of -0.8% for units. Between Q4 2018 – Q4 2019, total sales increased by 11.1% (to 339 sales) for houses and by 21.4% (to 250 sales) for units. Market conditions in Tweed Heads shows clear signs of positivity, with an increase in demand and capital growth. Now is the time to buy and/or sell in Tweed Heads.

March 20, 2020, 1:22 a.m.

Ingleburn PRD Market Update 1st Half of 2020

In Q4 2019, Ingleburn recorded a median house price of $660,000 and a median unit price of $440,000. This represents annual (Q4 2018 – Q4 2019) median price growth of 1.9% for houses and 1.4% for units. At the same time, total sales in both markets improved for Q4 2019, by 13.7% for houses to 240 sales and by 7.0% for units to 76 sales. The Ingleburn market is recovering, with an increase in demand and capital growth for both property types. Now is the time to transact in Ingleburn, before prices become unaffordable.

March 19, 2020, 7:30 a.m.

From the desk of Chief Economist - Why you should invest in property now

COVID-19 has taken us all by surprise and its power has rapidly weakened our economy over the past three months. So much so that the Reserve Bank of Australia (who were positive in their projection based on property market data and held the cash rate stable in February 2020), cut the cash rate in March 2020.

March 17, 2020, 12:38 a.m.

Australian Bushfires | The Real Estate Perspective

PRD’s latest research report ‘Australia Bushfires | The Real Estate Perspective’ shines a light on the silver lining to the devastating impact many Australian communities have experienced.

March 2, 2020, 11:44 p.m.

Burleigh Heads PRD Market Update 1st Half of 2020

Burleigh Heads* recorded a median house price of $850,000 and a median unit price of $480,000 in Q4 2019. This represents annual (Q4 2018 – Q4 2019) median price growth of 8.3% for houses and 5.1% for units. Between Q4 2018 – Q4 2019 house sales increased by 30.3% (to 215 sales), and unit sales increased by 21.1% (to 230 sales). Current market conditions shows clear signs of market recovery, as an increase in demand is accompanied by an increase in property prices. Now is the time to transact in Burleigh Heads*.

Feb. 21, 2020, 6 a.m.

Tannum Sands PRD Market Update 2nd Half of 2019

In the 2nd Half 2019, Tannum Sands recorded a median house price of $365,000, and a median unit price of $171,000. This represents annual (2nd Half 2018 - 2nd Half 2019) growth of 19.3% for houses and softening of -32.7% for units. At the same time total sales slowed for 2nd Half 2019, to 20 sales for houses and 9 sales for units. A small market can create fluctuations in trend, but the house market has seen confidence return in the past 12 and 6 months.