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March 19, 2018, 12:06 a.m.
Surfers Paradise Research Factsheet 1st Half of 2018
The Surfers Paradise property market recorded a median house price of $1,270,000 and $350,000 for units in Q4 2017, representing an annual price change of -0.4% and -4.1% respectively. Over the same period of time house prices in the Gold Coast City Region grew by 4.9% to $645,000 while unit prices remains the same at $415,000. This indicates that although there is a partial softening in the market, this suggests now is prime time for first home buyers to capitalise on affordability. Surfers Paradise is still a premium and sought-after market in comparison to the Gold Coast as a whole.
March 18, 2018, 11:37 p.m.
Sanctuary Point Research Factsheet 1st Half of 2018
The Sanctuary Point property market recorded a median house price of $430,000 and $220,000 for vacant land in Q4 2017, representing an annual price change of 7.5% and 7.3% respectively. Over the same period of time house prices in Shoalhaven LGA grew by 14.0% to $555,000 and land prices grew by 29.3% to $285,000. This shows that Sanctuary Point offers a more affordable entry point to the market, without compromising on positive capital growth.
March 18, 2018, 11:23 p.m.
Your Green Guide – Residential Real Estate 2018
PRDnationwide, through the Australia Research Council Linkage project funded by the Australian Federal Government, is proud to release Your Green Guide - Residential Real Estate 2018 and an accompanying Green House Scorecard. This work is a culmination of 3 years of research, in collaboration with Queensland University of Technology (QUT), Karlsruhe Institute of Technology Germany, and other key industry partners.
March 18, 2018, 10:57 p.m.
Whitsunday Research Factsheet 1st Half of 2018
The Whitsundays (4802 postcode) property market recorded a median house price of $473,750 and $220,000 for units in Q4 2017, representing an annual price change of 8.3% and -24.1% respectively. Median price in the Whitsunday Shire grew by 9.5% to $405,000 for houses while it softened by -22.5% to $405,000 for units. These indicators suggest houses in the Whitsundays area are a premium when compared to the Shire, whereas the overall unit market has become a buyers’ market.
March 9, 2018, 1:29 a.m.
Kyogle Research Factsheet 1st Half 2018
The Kyogle property market experienced exponential growth over the past 12 months to Q4 2017, recording a median house price of $277,250 – which represents an annual price change of 15.5%. Over the same period of time house prices in postcode 2474 grew by 10.6% to $293,000. With house prices below those postcode 2474, Kyogle is beckoning buyers and investors with great entry price points whilst also offering higher positive capital growth.
March 6, 2018, 12:21 p.m.
Q1 2018 Key Market Indicators – Victoria
Victoria has emerged as the state with the highest number of first home buyer loans for September quarter 2017, at 8,786 loans. This is higher than New South Wales (6,775 loans) and Queensland (6,271 loans), which suggests effective first home buyer related policies are in place. Although not the most improved, Victoria has reported a 33.0% improvement over the past 12 months. This is encouraging for first home buyers as there has been concerns of increasing unaffordability, especially in Melbourne.
March 6, 2018, 12:06 p.m.
Q1 2018 Key Market Indicators – Tasmania
Tasmania is leading the way in development approvals, with a 48.6% increase reported over the past 12 months to December 2017. This is equivalent to 266 dwelling approvals to the state in December 2017, which although pales in comparison to other states – for example Victoria (5,284 approvals), New South Wales (6,603 approvals), and Queensland (3,364 approvals) – this is quite a momentous achievement for Tasmania. The increase in dwelling approvals cater for the 176.9% growth in nett migration into Tasmania with 407 people as of June 2017. However, there is still an imbalance between supply and demand, suggesting that now is the perfect time for developers to set their sights to Tasmania.
March 6, 2018, 11:49 a.m.
Q1 2018 Key Market Indicators – South Australia
South Australia continues to prove itself as a contender in the realm of income growth, with the Q1 2018 PRDnationwide Key Market Indicators being the 3rd in row (of its series) where South Australia has reported the highest median weekly family income growth. September quarter 2017 figures report a 3.0% growth, making it the highest across Australia, eclipsing the Australian average of 2.3%, Victoria (2.8%), and Queensland and Tasmania (2.5%). This brings South Australia’s median weekly family income to $1,567 per month, higher than Tasmania’s $1,409 per month.
March 6, 2018, 11:31 a.m.
Q1 2018 Key Market Indicators – Australian Capital Territory
The Australian Capital Territory (ACT) wins the gold award for most improved home affordability loan index growth in September quarter 2017, increasing by 8.6% over the past 12 months. ACT also wins the gold award for the highest home loan affordability index reading, with a reading of 54.2 index points in September quarter 2017. This is well above the Australia average (33 index points) and states such as New South Wales (27.7 points), Victoria (31.1 points), and Queensland (37.3 points). Winning these Q1 2018 Key Market Indicator awards suggests that now is the time for first time home buyers and investors to look into the ACT for their next purchase.
March 6, 2018, 11:18 a.m.
Q1 2018 Key Market Indicators – Western Australia
Western Australia has proven to be a desirable place for affordability options, with a 6.4% improvement in their home affordability loan index over the past 12 months to September quarter 2017, making it the 2nd most improved state across Australia after the Australian Capital Territory (8.6%). Furthermore, Western Australia has the 3rd highest home loan affordability index reading of 44.6 points, significantly higher than the Australian average of 33.0 index points.