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Australian Economic Property Report 2019

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Aug. 19, 2019, 6:30 a.m.

Weston Creek PRD Market Update - 2nd Half of 2019

In Q2 2019, Weston Creek* recorded a median house price of $750,000, and a median unit price of $450,000. This represents annual (Q2 2018 – Q2 2019) price growth of 13.8% for houses and a softening of -17.8% for units. Total sales in both markets slowed in the 12 months to Q2 2019, down by -42.9% for houses to 52 sales and by -57.1% for units to 9 sales. Increased affordability and reduced competition make now an ideal time for first home buyers to act.

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Aug. 19, 2019, 6:05 a.m.

Ashmore Market Update - 2nd Half of 2019

In Q2 2019, Ashmore recorded a median house price of $578,000 (42 sales), and a median unit price of $330,000 (28 sales). This represents annual (Q2 2018 – Q2 2019) median price softening of -4.5% for houses and -3.8% for units. During this time house sales slowed by -22.2%, however unit sales strengthened by 12.0%. The Ashmore property market has become more affordable, and now is an ideal time for first home buyers to enter the market.

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Aug. 19, 2019, 5:37 a.m.

Casino Market Update 2nd Half of 2019

In Q2 2019, Casino recorded a median house price of $289,000 (39 sales), and a median unit price of $200,000 (28 sales). This represents annual (Q2 2018 – Q2 2019) median price softening of -6.8% for houses and -3.4% for units. During the same time sales transaction slowed down, by -37.1% for houses and -25.0% for units. The Casino property market has become more affordable, providing an opportunity for first home buyers to enter the market.

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Aug. 16, 2019, 6:40 a.m.

PRD Albury Market Update 2nd Half of 2019

In Q2 2019, Albury recorded a median house price of $329,400, and a median vacant land price of $145,000. This represents annual (Q2 2018 – Q2 2019) median price softening of -3.1% for houses and -9.1% for vacant land. At the same time, total sales in both markets slowed for Q2 2019, down by -32.5% for houses to 193 sales and by -26.5% for vacant land to 36 sales. Affordability growth and less competition in Albury makes now the time for buyers to act.

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Aug. 16, 2019, 6:34 a.m.

Coolangatta Market Update 2nd Half of 2019

In Q2 2019, Coolangatta recorded a median house price of $625,000 (1229 sales), and a median unit price of $430,000 (1246 sales). This represents annual (Q2 2018 – Q2 2019) median price softening of -1.4% for houses and a strengthening of 7.0% for units. The Coolangatta house market has become more affordable for first home buyers. The unit market has remained resilient, which instils confidence in current unit owners and future unit sellers.

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July 31, 2019, 12:28 a.m.

Australian Economic Property Report 2019

Now in its twelfth year, the PRDnationwide Australian Economic and Property Report provides key insights into several economic indicators, monetary and fiscal policy, key events; and how they have impacted the property market.

Factsheet 1st Half 2019

July 4, 2019, 6:57 a.m.

Tamworth Research Factsheet 1st Half of 2019

In Q1 2019, Tamworth* recorded median prices of $350,000 (house) and $275,000 (unit). This represented annual (Q1 2018 – Q1 2019) price changes of -7.9% and 36.1% for houses and units respectively. The 2nd Half 2018 Tamworth Research Factsheet, by comparison, reported annual (Q3 2017 – Q3 2018) price movements of 10.3% for houses and -4.3% for units. This suggests that houses have recently become more affordable, whilst units have increased in value. Note that the recent large shift in median unit price is in part due to a small pool of sales data, with just 23 sales recorded in Q1 2019 across Tamworth*.

Factsheet 1st Half 2019

July 4, 2019, 6:42 a.m.

Northern Rivers Research Factsheet 1st Half of 2019

The Northern Rivers* area recorded a median house price of $410,000 in Q1 2019, and a median unit price of $330,000. This represents annual (Q1 2018 – Q1 2019) price shifts of -6.3% (house) and 5.8% (unit). These figures indicate units have shown superior short-term capital growth retention capacity, whilst houses have become more affordable for first time home buyers.

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June 27, 2019, 7:07 a.m.

Brisbane - Affordable & Liveable Property Guide 1st Half 2019

Between 2017 and 2018/191 the number of houses sold in the Brisbane City Local Government Area (LGA) grew by 8.1%. During this time, the median house price remained stable, growing by 0.7% (to $675,000) and showing market resilience. The Brisbane LGA unit market has seen a sustainable level of price growth, with a median price of $450,000 in 2018/191.

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June 27, 2019, 6:34 a.m.

Sydney - Affordable & Liveable Property Guide 1st Half 2019

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.