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Q4 2018 Key Market Indicators - ACT

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.

Q4 2018 Key Market Indicators - NT

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.

Q4 2018 Key Market Indicators - SA

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.

Q4 2018 Key Market Indicators - TAS

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.

Q4 2018 Key Market Indicators - WA

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.

Q4 2018 Key Market Indicators - VIC

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.

Q4 2018 Key Market Indicators - QLD

Nov. 21, 2018, 4:53 a.m.

Q4 2018 Key Market Indicators – Queensland

Queensland’s (QLD) top achievement this quarter was winning the silver award nationally for highest median weekly family income growth at 2.5% in the 12 months to June quarter 2018. QLD can boast a superior wage growth this quarter, which many states would be envious of in the current low wage growth environment.

Q4 2018 Key Market Indicators - National

Nov. 21, 2018, 4:39 a.m.

Q4 2018 Key Market Indicators

As 2018 closes, it is time to celebrate some wins, the most notable of all being positive consumer sentiment and growth in the number of first home buyer loans. The Australian consumer sentiment index recorded 104.3 points in November 2018, which is above the positive mark of 100 index points, and represents a 4.6% growth over the past 12 months. This suggests increasing confidence in the economy, which after a year of federal budgetary and politics changes, is a positive way to end the year. A more confident society will have a higher tendency to spend, which will have a positive multiplier effect on the economy as a whole, be it in the retail sector, hospitality, property, and others.

Q4 2018 Key Market Indicators - NSW

Nov. 21, 2018, 4:21 a.m.

Q4 2018 Key Market Indicators – New South Wales

New South Wales (NSW) has recently become much more welcoming for first home buyers. In the June quarter 2018, the state achieved the gold award nationally for the most improved number of first home buyer loans with a 68.8% increase over the past 12 months. It also achieved the silver award nationally for the highest number of first home buyer loans (as of June quarter 2018) with 7,252 such loans issued. This has been driven in part by being the only state to not decline in affordability over this period, helping it achieve the gold award nationally for the most improved home affordability loan index growth (as of June quarter 2018).

Factsheet 2nd Half 2018.png

Nov. 16, 2018, 7:27 a.m.

Oatley Research Factsheet 2nd Half of 2018

Oatley recorded a median house price of $1,407,250 and $686,000 for units in Q3 2018, which represented an annual (Q3 2017-Q3 2018) price change of 4.2% and 1.6% respectively. Compared to Oatley 1st half 2018 Research Factsheet, which reported an annual (Q1 2017 – Q1 2018) median price change of 4.4% (house) and 13.9% (units), properties in Oatley have become more affordable.