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Nov. 25, 2020, 4:26 a.m.

National Affordable & Liveable Property Guide 2nd Half 2020

The PRD Affordable and Liveable Property Guides 2nd Half 2020 are available for Brisbane, Sydney, Melbourne 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. 17, 2020, 2:04 a.m.

Tamworth Property Market Update 2nd Half of 2020

In Q3 2020, Tamworth recorded a median house price of $350,000, and a median unit price of $270,000. This represents annual (Q3 2019 – Q3 2020) median price growth of 2.9% for houses and 18.7% for units. Between Q3 2019 – Q3 2020 total sales increased, by 38.9% for houses (to 282 sales) and by 110.0% for units (to 21 sales). Median price growth and increased sales activity suggest real capital growth in the area, in contrast to general COVID-19 predictions. This indicates high market resilience in Tamworth, thus creating an ideal market for real estate transactions.

Nov. 9, 2020, 6:06 a.m.

Lismore Property Market Update 2nd Half of 2020

In Q3 2020, Lismore recorded a median house price of $445,000, and a median unit price of $330,000. This represents annual (Q3 2019 – Q3 2020) median price growth of 6.0% (house) and 9.1% (units). Between Q3 2019 – Q3 2020 annual sales for houses increased by 10.2% (to 183 sales), however units declined by -25.0% (to 21 sales) due to low stock on the market. Median price growth indicate the Lismore property market is resilient amidst COVID-19, with buyers being confident in taking the opportunity to enter the market.

Nov. 9, 2020, 5:49 a.m.

Maroubra Property Market Update 2nd Half of 2020

In Q3 2020, Maroubra recorded a median house price of $1,915,000, and a median unit price of $875,000. This represents annual (Q3 2019 – Q3 2020) median price growth of 10.1% for houses and of 5.4% for units. Between Q3 2018 – Q3 2020 total sales slowed, down by -1.0% for houses (to 97 sales) and by -39.2% for units (to 113 sales), potentially due to low stock in the market. That said median price growth suggest real capital growth in the area, in contrast to general COVID-19 predictions. This indicates high market resilience in Maroubra, thus now is the time to transact.

Nov. 8, 2020, 10:51 p.m.

Norwest Property Market Update 2nd Half of 2020

Positioned approximately 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 properties.

Nov. 6, 2020, 3:25 a.m.

Bribie Island Property Market Update 2nd Half of 2020

In Q3 2020, Bribie Island recorded a median house price of $490,000, and a median unit price of $342,000. This represents annual (Q3 2019 – Q3 2020) median price growth of 3.6% for houses and a softening of -2.6% for units. House sales between Q3 2019 – Q3 2020 softened by -28.8% (to 79 sales) whilst unit sales softened by -59.5% (to 32 sales), due to a combination of low stock on the market and COVID-19 restrictions. That said positive median house price growth during this time shows market resilience, whereas units have become more affordable for first home buyers.

Oct. 21, 2020, 4:26 a.m.

Shared Living Preferences Of Older Australians

Living alone is a significant contributor to general loneliness, particularly in the older community as it becomes more difficult to maintain a social circle. It is recognised that one in four Australians are lonely; especially widowed, divorced, or single individuals (APS, 2018).

Oct. 12, 2020, 2:03 a.m.

Macquarie Park Property Market Update 2nd Half of 2020

In Q2 2020, Macquarie Park recorded a median house price of $1,610,000, and a median unit price of $836,000. This represents annual (Q2 2019 – Q2 2020) median price growth of 11.8% for houses and 19.5% for units. Between Q2 2019 - Q2 2020 total sales slowed, by -24.6% for houses (to 86 sales) and by -62.7% for units (to 106 sales). Lower sale numbers are expected amidst COVID-19, but double-digit price growth suggest a highly resilient market. With healthy price growth and limited competition in the market, now is the time to sell in Macquarie Park.

Oct. 12, 2020, 1:41 a.m.

Palm Beach Property Market Update 2nd Half of 2020

Palm Beach recorded a median house price of $915,000 and a median unit price of $545,000 in Q2 2020. This represents annual (Q2 2019 – Q2 2020) median price growth of 11.6% for houses and 6.3% for units. Between Q2 2019 - Q2 2020 sales increased, by 60.5% for house (to 69 sales) and by 1.3% for units (to 79 sales). The Palm Beach property market shows great resilience during COVID-19, from a price growth and demand perspective. There many opportunities for first home, with ample government incentives.

Sept. 29, 2020, 2:15 a.m.

Casino Property Market Update 2nd Half 2020

Casino recorded a median house price of $298,000 and a median unit price of $224,000 in Q2 2020. This represents annual (Q2 2019 – Q2 2020) median price growth of 3.1% for houses, and high growth of 12.0% for units. Between Q2 2019 - Q2 2020 sales were stable for house (at 42 sales) but declined for units (to 2 sales). A softening in demand was expected due to COVID-19, however price growth for both property types showed market resilience. Now is an ideal time for first home buyers to enter the market, with less competition and government incentives at hand.