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Australian Economic Property Report 2019
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June 27, 2019, 5:20 a.m.
Melbourne - Affordable & Liveable Property Guide 1st Half 2019
The Melbourne Metro house median price slightly softened by -0.4% between 2017 and 2018/20191, whereas the median unit price remained resilient, growing by 1.7% during the same time frame. Although a softening in the housing market was predicted, further growth in the unit market was not. Affordable house and unit options can be found in the north, south and east of Melbourne Metro, which opens the market up to more first home buyers.
June 27, 2019, 4:55 a.m.
Hobart - Affordable & Liveable Property Guide 1st Half 2019
Median property prices in Hobart grew by 1.7% (houses) to $450,000 and 4.0% (units) to $340,000 between 2017 and 2018. During this time sales transactions softened by -41.1% (houses) and -50.3% (units), indicating that price increases were due to scarcity of stock. Compared to the 10.6% (houses) and 7.2% (units), median price growth quoted in the Hobart Affordable and Liveable Property Guide 1st Half 2018, this signals that the market is starting to return to a more sustainable level of price growth. This is great news for first home buyers, as they have been priced out of the market for the past 12 months by interstate investors.
June 27, 2019, 3:53 a.m.
Affordable & Liveable Property Guide 1st Half 2019
The PRDnationwide Affordable and Liveable Property Guides 1st Half 2019 are available for Sydney, Melbourne, Brisbane, and Hobart. These property guides provide valuable insights and highlights for the market, and report on many key indicators to create a holistic picture of the property conditions in each capital city.
May 29, 2019, 12:02 a.m.
Central Coast Postcode 2259 and 2261 Research Factsheet 1st Half 2019
Over the past 12 months to Q4 2018, the Central Coast area, particularly that of postcodes 2259 and 2261 recorded a median house price of $600,000. This reflected an annual (Q4 2017 – Q4 2018) softening of -3.2%. Median unit price slightly decreased, by -1.3% to $430,000 during this time frame. By comparison the Central Coast 2nd half 2018 Research Factsheet reported a 4.7% median price growth for house and stable growth for units between Q3 2017-Q3 2018. The Central Coast property market has become more affordable.
May 28, 2019, 11:55 p.m.
Postcodes 2264 and 2265 Research Factsheet 1st Half of 2019
The property market in postcodes 2264 and 2265 recorded a median house price of $545,000 in Q4 2018. This reflected an annual (Q4 2017 – Q4 2018) median price softening of -5.2%. On the other hand, the median unit price strengthened during this timeframe, by 1.7% to $390,000. By comparison the Postcodes 2264 and 2265 2nd half 2018 Research Factsheet reported a 6.4% median price growth for house and 8.2% for units between Q3 2017-Q3 2018. This suggests properties in postcodes 2264 and 2265 is now more affordable
May 28, 2019, 7:06 a.m.
Norwest Research Factsheet 1st Half of 2019
Positioned around 30km north-west of Sydney, Norwest is an area which encapsulates the suburbs of Baulkham Hills, Rouse Hill, Castle Hill, and Bella Vista. These suburbs are noted particularly for their commercial precincts, which include office and retail uses, as well as strata industrial property.
May 28, 2019, 6:51 a.m.
Kyogle Research Factsheet 1st Half of 2019
Q4 2018 saw Kyogle record a median house price of $270,000. This represents an annual (Q4 2017 – Q4 2018) price softening of -2.7%. The 2nd Half 2018 Kyogle Property Factsheet reported an annual (Q2 2017 – Q2 2018) media price growth of 5.2% for houses. Thus, the last 6 months has resulted in improved affordability within the area. In the 12 months to Q4 2018, the number of house sales recorded in Kyogle softened by 54.7% to sit at 10 sales for the quarter. This suggests there is limited supply in Kyogle, meaning buyers should act quickly to secure property.
May 22, 2019, 7:03 a.m.
Casino Research Factsheet 1st Half of 2019
The median house price in Casino for Q4 2018 was $315,000 and the median unit price was $317,000. It is quite unusual for a median unit price to sit above a median house price; in this case it is attributed to just 5 unit sales in Q4 2018. These median prices represent annual (Q4 2017 – Q4 2018) price growth of 16.7% and 73.9% respectively. The Casino 2nd Half 2018 Research Factsheet reported annual (Q2 2017 – Q2 2018) price growth of 32.0% (house) and 15.0% (unit). by comparison, houses in Casino have become more affordable, while units have become more expensive.
May 21, 2019, 7:12 a.m.
Glenorchy Research Factsheet 1st Half of 2019
Q4 2018 saw Glenorchy record a median house price of $393,500, and a median unit price of $237,500. This represents an annual (Q4 2017 – Q4 2018) price change of 6.4% and -13.9% for houses and units respectively. By comparison, the 2nd Half 2018 Glenorchy Property Factsheet reported an annual (Q2 2017 – Q2 2018) price growth of 22.6% for houses and of 3.7% for units. Property in Glenorchy has thus become comparatively more affordable, with houses seeing a more sustainable level of growth and units seeing some cooling in median price. That said, this sudden shift in median unit price is in part reflective of a small sales pool, which can naturally result in larger price movements.
May 20, 2019, 6:51 a.m.
Q2 2019 Key Market Indicators – Northern Territory
For the first time in the history of the ‘PRDnationwide Key Market Indicator Awards’, the Northern Territory (NT) has come out as a clear winner among other states, earning four gold awards nationally for Q2 2019 in the following categories: highest home loan affordability index reading, most improved home loan affordability index growth, most improved number of first home buyer loans, and lowest unemployment rate. By doing so, the Northern Territory has taken out Victoria, which was the winning state last quarter.