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Australian Economic Property Report 2019

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Q2 2019 Key Market Indicators - NSW_tmb

May 20, 2019, 6:37 a.m.

Q2 2019 Key Market Indicators – New South Wales

Q2 2019 Key Market Indicators - ACT_tmb

May 20, 2019, 6:28 a.m.

Q2 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.

Q2 2019 Key Market Indicators - WA_tmb

May 20, 2019, 6:20 a.m.

Q2 2019 Key Market Indicators – Western Australia

Western Australia (WA) had the highest growth in home loan affordability across Australia, taking out the gold award nationally at the PRDnationwide Q1 2019 Key Economic Indicator Awards. The home loan affordability index grew by 5.3% over the past 12 months (to the September quarter of 2018), sitting at 44.0 index points. This is significantly higher than New South Wales (27.3 index points), Victoria (29.5 index points), and Queensland (35.5 index points), as well as the Australian average of 31.9 index points.

Q2 2019 Key Market Indicators - SA_tmb

May 20, 2019, 6:10 a.m.

Q2 2019 Key Market Indicators – South Australia

South Australia (SA) showed steady economic fundamentals in late 2018, which are set to continue in 2019. The unemployment rate in SA was 5.9% in December 2018, which showed no change when compared to the 12 months prior. This is good news, as there has been no loss in the number of people employed and contributing towards the economy.

Q2 2019 Key Market Indicators - VIC_tmb

May 20, 2019, 5:56 a.m.

Q2 2019 Key Market Indicators – Victoria

Victoria (VIC) leads the nation for first home buyers, achieving a gold award nationally for the highest number of first home buyer loans in the ‘PRDnationwide Q2 2019 Key Market Indicator Awards’, with 8,855 loans approved between the December quarters of 2017-2018. Interestingly, this represented a decline of -10.5% during the timeframe, however much of this is attributed to increasing prices in Melbourne and its immediate inner areas, as well as tighter home mortgage lending policies introduced by banks in the 2nd half of 2018.

Q2 2019 Key Market Indicators - TAS_tmb

May 20, 2019, 5:07 a.m.

Q2 2019 Key Market Indicators – Tasmania

The number of first home buyer loans approved in Tasmania (TAS) in the September quarter of 2018 was 483 loans, which is a significant 25.1% increase compared to the 12 months prior. This has earned TAS a gold award nationally in the PRDnationwide Q1 2019 Key Market Indicator Awards, for the most improved number of first home buyer loans. This confirms TAS as a haven for first home buyers, as it eclipses the 12-month growth to March quarter 2018 of 6.9%, and the June quarter 2018 of 20.5%.

Q2 2019 Key Market Indicators - National_tmb

May 20, 2019, 4:43 a.m.

Q2 2019 Key Market Indicators

Australian consumer sentiment read 100.7 index points in April 2019, exactly on the positive line of 100 index points, indicating that in general, Australians have a positive yet cautious outlook on the economy. This is interesting as the current consumer sentiment is on a -1.7% decline compared to 12 months ago (April 2018), which does not come as a surprise given past events such as: the Royal Banking Commission’s enquiry into the banking and financial sector, the handing down of the Federal Budget 2019, and the announcement of the 18 May 2019 Federal elections.

Factsheet 1st Half 2019

April 2, 2019, 7:11 a.m.

Whitsunday Research Factsheet 1st Half of 2019

Whitsundays recorded a median house price of $445,000 and $222,500 for units in Q4 2018. This represented an annual (Q4 2017-Q4 2018) price softening of -3.3% for houses and -9.2% for units. Compared to the Whitsundays 2nd half 2018 Research Factsheet, which reported an annual (Q2 2017 – Q2 2018) price change of -0.6% (house) and -28.9% (units), houses in Whitsundays have become more affordable while units have strengthened in value. Now is also an ideal time for first home buyers to take advantage of Whitsundays’ softening market.

Factsheet 1st Half 2019

April 2, 2019, 7 a.m.

Kyneton Research Factsheet 1st Half of 2019

Kyneton recorded a median house price of $562,500 and a median vacant land price of $334,000 in Q4 2018. This represents annual (Q4 2017 – Q4 2018) price growth of 6.6% and 51.8% respectively. Such a large spike in vacant land price is attributed to a very low land sales volume, with just 4 sales recorded during Q4 2018. The Kyneton 2nd Half 2018 Property Factsheet recorded annual (Q2 2017 – Q2 2018) price growth of 9.8% and 0.0% for houses and vacant land respectively. This means that by comparison, houses have grown at a more affordable level, whilst land has seen a strong increase in median price. Again, a sharp increase in vacant land price growth is in part reflective of a low sales volume for land in Kyneton.

Factsheet 1st Half 2019

April 2, 2019, 6:43 a.m.

Toowoomba Research Factsheet 1st Half of 2019

Toowoomba recorded a median house price of $397,000 and $299,000 for units in Q4 2018. This is an annual (Q4 2017-Q4 2018) median price softening of -1.4% for houses and -6.6% for units. Compared to the Toowoomba 2nd half 2018 Research Factsheet, which reported an annual (Q2 2017 – Q2 2018) median price change of -6.2% (house) and 3.4% (units), houses have strengthened in value and units have become more affordable. This represents a resilient market and an ideal time for buyers to step into the market.