Create an account with PRD and access our full research archive and receive reports to your emailSign in • Join up
Sell Smarter with PRDnationwide
Watch the Video
March 5, 2019, 1:34 a.m.
Manufactured Home Estates: An Affordable Retirement Option?
The pressure of Australia’s ageing population and growing desire for affordability calls for an investigation into the diversity of housing options. According to the Australian Bureau of Statistics (ABS), during 2016 there were 3.7 million Australians aged over 65 years, representing 15% of the population. This is a significant increase from the 1976 ABS figure of 1.3 million people aged over 65 years, representing only 9% of the population.
March 1, 2019, 6:58 a.m.
Coolangatta Research Factsheet 1st Half of 2019
Over the past 12 months leading up to Q4 2018, the Coolangatta* market, which for this report captures all of the Gold Coast Local Government Area (LGA), recorded a median house price of $645,000. This reflected an annual median price softening of -1.5% for houses. Meanwhile median unit prices in the Gold Coast LGA strengthened by 1.2% to $430,000.
March 1, 2019, 6:51 a.m.
Hunter Valley Research Factsheet 1st Half of 2019
The Hunter Valley recorded median prices of $460,000 for houses and $348,000 for units in Q4 2018. This represented annual (Q4 2017 – Q4 2018) price shifts of +2.8% for houses and -0.6% for units. Compared to the 2nd Half 2018 Hunter Valley Property Factsheet, which reported price growth of 4.7% (house) and 13.1% (unit), properties in the Hunter Valley have become slightly more affordable after a period of strong growth. This is good news for first time buyers seeking to enter the market.
Feb. 26, 2019, 7:09 a.m.
Albury Research Factsheet 1st Half of 2019
Albury recorded median prices of $365,000 for houses and $145,000 for vacant land in Q4 2018. This resulted in an annual (Q4 2017 – Q4 2018) a median price increase of 9.8% for houses, while vacant land median prices remained stable. By comparison, the 2nd Half 2018 Albury Property Factsheet reported price growth of 8.6% (house) and 4.6% (land).
Feb. 25, 2019, 7:12 a.m.
Ingleburn Research Factsheet 1st Half of 2019
In Q4 2018, Ingleburn recorded a median house price of $658,000 and a median unit price of $445,000. This represented an annual (Q4 2017 – Q4 2018) median price change of -11.1% for houses and -10.6% for units. By comparison, the 2nd Half 2018 Ingleburn Property Factsheet recorded price growth of 0.7% for houses and 8.7% for units. This suggests the Ingleburn market has recently cooled, which is in line with the price changes experienced within the wider Sydney Metro market. Softening prices suggest that now is an ideal opportunity for those looking to enter the market.
Feb. 17, 2019, 11:25 p.m.
Q1 2019 Key Market Indicators
The Royal Commission investigation into banking practices, along with changes in political leadership and uncertainties regarding negative gearing, have impacted the Australian Consumer Sentiment index reading to fall just below the positive line at 99.6 points in January 2019. This is a -5.2% decline compared to January 2018, and with 2019 being a state and federal election year, it will be interesting to see how the release of the Federal Budget 2019 and monthly cash rate decisions by the Reserve Bank of Australia (RBA) will impact consumer sentiment throughout the year. The Australian Consumer Price Index sat at a 1.8% change in December 2018, declining from a 1.9% change in September 2019, and still outside the RBA’s target band of 2.0-3.0%. This indicates that the economy is still not performing to its full capacity.
Feb. 17, 2019, 11:21 p.m.
Q1 2019 Key Market Indicators – Australian Capital Territory
The Australian Capital Territory (ACT) continues to perform in the PRDnationwide Q1 2019 Key Market Indicator Awards; earning 4 gold, 1 silver, and 1 bronze award nationally. The ACT has once again earned the gold award nationally for the highest home loan affordability index reading, at 50.0 index points in the September quarter of 2018. This is a 4.4% increase within a 12-month period, previously at 47.9% in the June quarter of 2018.
Feb. 17, 2019, 11:18 p.m.
Q1 2019 Key Market Indicators – New South Wales
New South Wales (NSW) continued to showcase strong economic fundamentals towards the end of 2018, preparing it for a strong performance in 2019. NSW earned 5 silver awards nationally in the PRDnationwide Q1 2019 Key Market Indicator Awards for: most improved number of first home buyer loans, highest number of first home buyer loans, highest number of dwelling approvals, most improved unemployment rate, and highest median growth in weekly family incomes. NSW also earned bronze awards nationally for lowest unemployment rate and highest nett migration.
Feb. 17, 2019, 11:15 p.m.
Q1 2019 Key Market Indicators – Northern Territory
The Northern Territory (NT) showed strong economic fundamentals towards the end of 2018, preparing for high performance in 2019. The NT earned 3 silver awards nationally in the PRDnationwide Q1 2019 Key Market Indicator Awards for: highest home loan affordability index reading, highest growth in dwelling approvals, and highest median weekly family income. The NT also earned 3 bronze awards nationally for: most improved number of first home buyer loans, most improved home loan affordability index growth, and most improved unemployment rate.
Feb. 17, 2019, 11:12 p.m.
Q1 2019 Key Market Indicators – Queensland
Queensland (QLD) continues to attract new residents into the sunshine state, with 14,358 people choosing to call it home in the June quarter of 2018. This is a 7.5% increase over the past 12 months, which earned QLD a silver award nationally for the highest nett migration category in the PRDnationwide Q1 2019 Key Market Indicator Awards.