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May 28, 2021, 7:39 a.m.

Docklands Property Market Update 1st Half of 2021

In Q1 2021, Docklands recorded a median house price of $1,800,000, and a median unit price of $555,000. This represents annual (Q1 2020 – Q1 2021) median price growth of 16.3% for houses, however units softened by -3.5%. Between Q1 2020 – Q1 2021 total sales increased, by 51.7% for houses (to 88 sales) and by 12.5% for units (to 867 sales). Median price growth alongside increased sales suggests real returns on capital investment in the Docklands house market. On the other hand, first home buyers are encouraged to take this opportunity to enter the unit market as it has become more affordable.

May 28, 2021, 7:34 a.m.

Hervey Bay Property Market Update 1st Half of 2021

In Q1 2021, Hervey Bay* recorded a median house price of $420,000, and a median unit price of $317,000. This represents annual (Q1 2020 – Q1 2021) median price growth of 18.3% for houses and 17.4% for units. Between Q1 2020 – Q1 2021 total sales increased, by 15.6% for houses (to 430 sales) and by 52.3% for units (to 131 sales). Median price growth alongside increased sales suggest there are real returns on capital investment in Hervey Bay*. Now is the time to transact, particularly for owner-occupiers looking to benefit from a highly demanded market.

May 25, 2021, 1:15 p.m.

Affordable & Liveable Property Guide 1st Half 2021 - Hobart

Median property prices in Hobart Metro increased by 10.3% for houses to $640,000 from Q1 2020 to Q1 20211, and also increased for units by 17.5% to reach $520,000. Across the same period, total house sales in Hobart Metro increased by 0.5% to 438 sales, while unit sales slowed by -30.0% to 149 sales. Hobart Metro’s median price activity has occurred amidst relatively limited transaction growth within the market, due to COVID-19’s initial impact on sales in Q1 2020. This said, those looking to sell within Hobart Metro can have confidence with prices continuing to rise, particularly in the undersupplied unit market.

May 25, 2021, 1:14 p.m.

Affordable & Liveable Property Guide 1st Half 2021 - Melbourne

Median property prices in Melbourne Metro increased by 2.4% for houses to $1,065,000 from Q1 2020 to Q1 20211, and increased by 3.8% for units at $630,000. Across the same period, total sales in Melbourne Metro increased by 28.6% (to 6,903 sales) for houses, and by 32.2% (to 7,285 sales) for units.

May 25, 2021, 1:13 p.m.

Affordable & Liveable Property Guide 1st Half 2021 - Sydney

Median property prices in Sydney Metro increased by 3.5% for houses to $1,760,000 from Q1 2020 to Q1 20211, and remained stable for units at $800,000. Across the same period, total sales in Sydney Metro increased by 26.7% (to 4,660 sales) for houses and by 16.1% (to 7,705 sales) for units. Sydney Metro’s median price growth has occurred amidst increased sales activity, giving those looking to transact within Sydney Metro confidence in the local market’s real returns in capital investment.

May 25, 2021, 1:11 p.m.

Affordable & Liveable Property Guide 1st Half 2021 - Brisbane

Median property prices in Brisbane Metro increased by 11.5% for houses to $725,000 from Q1 2020 to Q1 20211, and by 0.2% for units at $455,000. Across the same period, total sales in Brisbane Metro increased by 1.9% (to 4,555 sales) for houses, and by 7.6% (to 1,802 sales) for units. Brisbane Metro’s median price activity has been driven by interstate migration to the city, creating more demand alongside record low interest rates.

May 25, 2021, 1:09 p.m.

National Affordable & Liveable Property Guide 1st Half 2021

The PRD Affordable and Liveable Property Guides 1st Half 2021 are available for Brisbane, Sydney, Melbourne, and Hobart. These guides provide valuable insights and highlights of the market and report on many key indicators to create a holistic picture of property conditions in each capital city.

April 6, 2021, 1:53 a.m.

Toowoomba Property Market Update 1st Half of 2021

In Q4 2020, Toowoomba recorded a median house price of $420,000, and a median unit price of $319,000. This represents annual (Q4 2019 – Q4 2020) median price growth of 5.8% for houses and 6.3% for units. Between Q4 2019 – Q4 2020 house sales increased, by 11.5% (to 659 sales). Unit sales also increased, by 35.4% (to 172 sales). The Toowoomba property market is on a post COVID-19 recovery trajectory, due to an increase in demand in regional areas. Price growth combined with increased sales suggest a real return on capital investment.

March 24, 2021, 5:27 a.m.

PRD Stand Out Regions | Top 10 Affordable Regional Areas 2021

There has been a high influx of first home buyers that have entered the property market in 2020, resulting in a growth of 50.4% between the December quarters of 2019 and 2020. This further boosted an already strong market with record low interest rates and increasingly lenient bank lending policies.

March 9, 2021, 1:39 a.m.

First Home Buyers’ Guide 2021

The ‘PRD First Home Buyers’ Guide 2021’ is designed to help you quickly understand what is on offer to first home buyers around Australia. With so many programs and grants available at the various State and Federal Government levels, and its various updates at any given time, it can be difficult to determine what is relevant to your personal situation. This guide helps you do just that.