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Nov. 27, 2019, 6:14 a.m.

Affordable & Liveable Property Guide 2nd Half 2019 - Hobart

A key finding in this report was that in order to identify affordable and liveable areas, suburbs with declining annual median house or unit price growth had to be considered. This was the same methodology applied in the 1st Half 2019¥ report. Therefore, instead of showcasing only suburbs with price growth (which was the trend in 2nd Half 2018µ report), minimising the decline in capital growth became an objective. This is good news for first home buyers because chosen affordable and liveable suburbs are now even more affordable.

Nov. 27, 2019, 5:58 a.m.

Affordable & Liveable Property Guide 2nd Half 2019 - Melbourne

A key finding in this report is that most of the suburbs are spread across the north side of the Melbourne CBD. These suburbs have ticked the right boxes in relation to the best possible affordability, whilst also satisfying other criteria such as: low vacancy rates, high yields, large infrastructure spending, low crime and proximity to amenities. As Melbourne’s property market starts to head towards a recovery, there are ample affordable suburbs for first home buyers to take advantage of before prices start to surge.

Nov. 27, 2019, 5:30 a.m.

Affordable & Liveable Property Guide 2nd Half 2019 - Adelaide

A key finding in this report is that most of the affordable and liveable suburbs are well spread out from the Adelaide CBD. These suburbs have the best possible median price growth, while also satisfying other criteria such as: low vacancy rates, high yields, large infrastructure spending, low crime and proximity to amenities. Adelaide also offers the most affordable housing when compared with all capital cities in Australia, which should encourage first home buyers to get into market.

Nov. 27, 2019, 5:07 a.m.

Affordable & Liveable Property Guide 2nd Half 2019 - National

The PRD Affordable and Liveable Property Guides 2nd Half 2019 are available for Sydney, Melbourne, Brisbane, Adelaide, Canberra, Perth 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.

Nov. 27, 2019, 5:06 a.m.

Affordable & Liveable Property Guide 2nd Half 2019 - Brisbane

A key finding of this report is that the majority (5 out of 6) of the affordable and liveable suburbs are on the north side of the Brisbane River. These suburbs have the best possible median price growth while also satisfying other criteria such as: low vacancy rates, high yields, large infrastructure spending, low crime and proximity to amenities. In the previous 1st Half 2019¥ report, suburbs were spread throughout Brisbane, which suggests that there are now limited options.

Nov. 27, 2019, 5 a.m.

Affordable & Liveable Property Guide 2nd Half 2019 - Sydney

A key finding in this report was that in order to identify affordable and liveable areas, suburbs with declining annual median house or unit price growth had to be considered. This was the same methodology applied in the 1st Half 2019¥ report. Therefore, instead of showcasing only suburbs with price growth (which was the trend in 2nd Half 2018µ report), it continued to be an exercise in minimising the decline in capital growth. This is good news for first home buyers because chosen affordable and liveable suburbs are now even more affordable.

Nov. 27, 2019, 3:11 a.m.

Affordable & Liveable Property Guide 2nd Half 2019 - Canberra

A key finding in this report was that units in Canberra were more affordable to residents who wanted to buy in suburbs with high liveability aspects, whereas houses were more expensive. House buyers need to be prepared to pay a 75% premium on top of the Australian Capital Territory (ACT) state average home loan3 to ensure high liveability, whereas unit buyers only needed to pay 10% extra. This is interesting, as the premiums needed to reach the Canberra Metro median price were 65% (houses) and 14% (units). This suggests the need to ensure that affordable housing stock areas are supported by the required infrastructure.

Nov. 27, 2019, 2:09 a.m.

Affordable & Liveable Property Guide 2nd Half 2019 - Perth

A key finding in this report was that liveability comes at a high price in Perth. A premium percentage of 140% for houses and 60% for units needed to be added to the average Western Australia (WA) state average home loan3, in order to identify suburbs that satisfy liveability criteria. This is above the levels needed to reach Perth’s median house and unit price (94% for houses and 26% for units). Perth joins Adelaide, Canberra and Hobart in this regard.

Nov. 22, 2019, 5:14 a.m.

Coolum Beach PRD Market Update 2nd Half 2019

In Q3 2019, Coolum Beach recorded a median house price of $667,000, and a median unit price of $423,000. This represents annual (Q3 2018 – Q3 2019) median price softening of -11.9% for houses and a price growth of 6.5% for units. At the same time, total sales in both markets slowed for Q3 2019, down by -3.0% for houses to 32 sales and by -54.2% for units to 22 sales.

Nov. 21, 2019, 1:51 a.m.

Lismore PRD Market Update 2nd Half of 2019

In Q3 2019, Lismore recorded a median house price of $416,000, and a median unit price of $295,000. This represents annual (Q3 2018 – Q3 2019) median price softening of -3.0% for houses and a growth of 14.6% for units. Between Q3 2018-Q3 2019 total house sales slowed by -20.9%, to 167 sales in Q3 2019, and total unit sales remained stable, at 21 sales in Q3 2019. That said there has been a slight lift in market confidence in the past 6 months.