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June 13, 2018, 11:27 p.m.

Buninyong Research Factsheet 1st Half of 2018

There has been an extremely strong demand for property in Buninyong – particularly houses - indicating the need for more residential development in the area. Now is the time for first home buyers and investors to enter the market before prices get out of reach.

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June 13, 2018, 11:06 p.m.

Penrith Research Factsheet 1st Half of 2018

The Penrith property market recorded a median house price of $695,000 and $500,000 for units in Q1 2018, representing an annual price change of -1.4% and -2.3% respectively. This signals a return towards more sustainable price growth, whereby a partial softening in median price is in line with the cooling in Sydney’s property prices.

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June 7, 2018, 12:56 a.m.

Ballarat Research Factsheet 1st Half 2018

The Ballarat property market is moving quickly. Houses recorded a median price of $425,000 and units recorded $255,000 in Q1 2018, which represents an annual price change of 21.4% and 1.0% respectively. Over the same period of time, house prices in the City of Ballarat (LGA) grew by 8.9% to $361,000 and unit prices grew by 2.6% to $241,000. Compared to the LGA, properties command a premium price in the Ballarat market. In this fast-paced market, home buyers and investors need to be ready to move quickly to secure their dream property.

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June 7, 2018, 12:17 a.m.

Ipswich Research Factsheet 1st Half 2018

The Ipswich property market in this report encapsulates aggregate property market conditions in Ipswich, Booval, Brassall, Bundamba, Newtown and Silkstone. The median house price in Q1 2018 was $327,500, which represents an annual price change of 4.0%. Over the same period (Q1 2017 - Q1 2018), house prices in the Ipswich City Council Local Government Area (LGA) softened by -1.3% to $345,000. Hence Ipswich offers a highly unique market whereby houses can be secured at a more affordable price than its LGA, providing great entry price points for first home buyers, whilst also offering a steady and positive capital growth for investors.

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May 28, 2018, 6:13 a.m.

Tannum Sands Research Factsheet 1st Half of 2018

The Tannum Sands property market is embarking on a road of recovery, after a period of market softening over the past five years. Between 2017 and 2018 (Q1 2018) median price for houses increased by 0.5% to $321,750, whilst the median price for vacant land increased by a substantial 9.4% to $175,000.

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May 28, 2018, 4:47 a.m.

Q2 2018 Key Market Indicators – Tasmania

Tasmania achieved the silver award nationally for highest median weekly family income growth in the PRDnationwide Q2 2018 Key Market Data Indicator Awards. It is increasingly evident that 2018 marks a new era for TAS, from both a property and economic perspective. In the PRDnationwide Q2 2018 Key Market Indicator Awards TAS won the silver award nationally for highest median weekly family income growth, at 2.6% over the past 12 months (to $1,417 in the December quarter of 2017). This is an improvement from last quarter, where TAS earned the bronze award nationally for the same category, with a 2.5% growth over 12 months to the September quarter of 2017.

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May 28, 2018, 4:45 a.m.

Q2 2018 Key Market Indicators – Victoria

It was a clean sweep for Victoria, taking out 4 gold awards nationally, 2 silver and 1 bronze in the PRDnationwide Q2 2018 Key Market Indicator Awards. Property prices in Melbourne have increased exponentially over the past 12 months, as investment interests shifted from Sydney’s unaffordable landscape. It is no surprise that VIC’s home loan affordability index has decreased by -0.7% over the past 12 months to the December quarter of 2017, which is in contrast to Australia’s positive growth of 0.3%. VIC’s home loan affordability was 29.9 index points in the December quarter of 2017, which is still slightly higher than NSW’s 26.5 index points.

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May 28, 2018, 4:42 a.m.

Q2 2018 Key Market Indicators – Australian Capital Territory

The ACT has advanced to become one of the most affordable states in Australia, earning the gold award nationally for highest home loan affordability index and the silver award for most improved home affordability loan index growth. In the December quarter of 2017 the ACT’s home loan affordability index reading was 51.0, which is significantly higher than the national Australian average of 31.0 index points and represents a 4.5% increase over the past 12 months.

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May 28, 2018, 4:38 a.m.

Q2 2018 Key Market Indicators – South Australia

South Australia achieved the gold award nationally for most improved unemployment rate in the PRDnationwide Q2 2018 Key Market Data Indicator Awards. If you are looking for a change in career or wanting to enter the workforce, SA looks to be the best state to do so as it earned the gold award nationally for most improved unemployment rate in the PRDnationwide Q2 2018 Key Market Indicator Awards. Declining by an impressive 21.1% over the past 12 months to March 2018, SA recorded an unemployment rate of 5.6%, which is on par with the Australian average of 5.5%. This is excellent news, as more people are contributing towards a stronger economy, which will have a positive multiplier effect on the property market.

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May 28, 2018, 4:35 a.m.

Q2 2018 Key Market Indicators – New South Wales

New South Wales has again earned the gold award nationally for most improved number of first home buyer loans in the PRDnationwide Q2 2018 Key Market Indicator Awards. For 2 consecutive quarters NSW has achieved the gold award nationally for most improved number of first home buyer loans, with a 74.9% increase over the past 12 months to the December quarter of 2017. Surprisingly, this result surpasses NSW’ previous achievement in quarter 2 (70.9% increase over 12 months to the September quarter of 2017).