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Dec. 3, 2018, 5:10 a.m.
Brisbane - Affordable & Liveable Property Guide 2nd Half 2018
Between 2017 and 2018, the number of houses sold in the Brisbane City Local Government Area (LGA) grew by 5.0%, yet the median house price softened by -1.0% to $670,000. The Brisbane LGA unit market has also become affordable as prices softened by -1.0% to $439,000 in 2018.
Dec. 3, 2018, 4:51 a.m.
Melbourne - Affordable & Liveable Property Guide 2nd Half 2018
Melbourne Metro house median price experienced a softening of -8.1% from 2017 to 2018, median unit prices softened at a more moderate rate of -2.6%. House and unit buyers looking for affordable options should target the north-east and south-east.
Dec. 3, 2018, 4:36 a.m.
Sydney - Affordable & Liveable Property Guide 2nd Half 2018
Between 2017 and 2018, Sydney Metro median house prices have softened by -5.6%, whilst units have softened by -2.5%. Affordable options can be found in Sydney’s South Western suburbs.
Dec. 3, 2018, 2:51 a.m.
Hobart - Affordable & Liveable Property Guide 2nd Half 2018
Median property prices in Hobart grew by 1.7% (houses) to $450,000 and 4.0% (units) to $340,000 between 2017 and 2018. During this time sales transactions softened by -41.1% (houses) and -50.3% (units), indicating that price increases were due to scarcity of stock. Compared to the 10.6% (houses) and 7.2% (units), median price growth quoted in the Hobart Affordable and Liveable Property Guide 1st Half 2018, this signals that the market is starting to return to a more sustainable level of price growth. This is great news for first home buyers, as they have been priced out of the market for the past 12 months by interstate investors.
Nov. 22, 2018, 6:01 a.m.
Q4 2018 Key Market Indicators – Australian Capital Territory
The ACT’s small scale in comparison to other states means it can stand tall for offering some of the best economic indicators this quarter. Perhaps most importantly, for homeowners, ACT won the gold award nationally for the highest home loan affordability index reading (as of June quarter 2018) with 47.9 index points. This was coupled with the gold award nationally for highest median weekly family income (as of June quarter 2018) at $2,690, representing a 2.2% growth over the past 12 months to the June quarter of 2018. High incomes and great affordability position the ACT as a leader in the market for those seeking to enter the property market.
Nov. 22, 2018, 5:59 a.m.
Q4 2018 Key Market Indicators – Northern Territory
The Northern Territory (NT) continued its streak as one of Australia’s most affordable markets, taking out the silver award nationally for the highest home loan affordability index reading (as of June quarter 2018) at 46.4 points. This positions the NT as a leader in the market for first home buyers, which was reflected in the 1.1% growth in the number of first home buyer loans over the 12 months prior to June quarter 2018. A slight decrease in the affordability index reading can be viewed positively for property owners however, as it may point to a return in positive median price growth.
Nov. 22, 2018, 5:56 a.m.
Q4 2018 Key Market Indicators – South Australia
South Australia (SA) recorded 37.0 points in the home loan affordability index in the June quarter of 2018, signifying a decline of -0.8% over the past 12 months. That said, this is the second least decline across the country, just below New South Wales at 0.0%. This suggests that in terms of home loan affordability growth, SA is the second highest state, making it a top performer. Furthermore, SA’s home loan affordability index reading is much higher than Australia’s 31.1 points, confirming SA as an attractive option for interstate property investment.
Nov. 22, 2018, 5:55 a.m.
Q4 2018 Key Market Indicators – Tasmania
Tasmania (TAS) closes 2018 with celebratory news for first home buyers, amidst fears that they had been priced out of the market. The number of first home buyer loans approved in the June quarter of 2018 was 458, a 20.5% increase compared to the June quarter of 2017. This is a big improvement compared to the reported 6.9% growth between the March quarter of 2017-2018, earning TAS a bronze medal nationally for the most improved number of first home buyer loans.
Nov. 22, 2018, 5:49 a.m.
Q4 2018 Key Market Indicators – Western Australia
As of June 2018, WA’s home loan affordability index reading was 41.8 index points, well above the Australian average of 31.1 index points. That said, this is a slight decline when compared to the March quarter of 2017, where WA recorded a home loan affordability index reading of 42.8 points. This is potentially explained by the mild increase in WA’s property metro prices, due to higher quality stock entering the market over the past 6 months.
Nov. 21, 2018, 5 a.m.
Q4 2018 Key Market Indicators – Victoria
Victoria (VIC) has proven itself to be a top performer in 2018, earning the most medals in the PRDnationwide Key Market Indicators Q4 2018 Awards, and positioning itself as a market leader in many areas. It’s most notable achievement is in the first home buyer loans category, where VIC took out two medals nationally, a gold award for highest number of first home buyer loans and a silver award for the most improved number of first home buyer loans.