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Australian Economic Property Report 2019

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Sept. 16, 2019, 1:52 a.m.

Tweed Heads PRD Market Report 2nd Half of 2019

In Q2 2019, Tweed Heads recorded a median house price of $605,000 (273 sales), and a median unit price of $400,000 (255 sales). This represents annual (Q2 2018 – Q2 2019) median price softening of -5.1% for houses and -3.0% for units. During this time house sales slowed by -16.5%, however unit sales grew by 13.3%. The Tweed Heads property market has become more affordable, thus first home buyers are encouraged to take this opportunity to enter the market.

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Sept. 16, 2019, 1:44 a.m.

Kyogle Market Report 2nd Half of 2019

In Q2 2019, Kyogle recorded a median house price of $300,000, and a median vacant land price of $165,000. This represents annual (Q2 2018 – Q2 2019) median price softening of -11.8% for house and -1.5% for land. During this time total sales slowed, by -35.7% for house (to 18 sales) and by -62.5% for vacant land (to 3 sales). Limited sales makes the market seem more volatile. Higher affordability and less competition creates an ideal environment for buyers to act.

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Sept. 13, 2019, 6:55 a.m.

Beverly Hills PRD Market Update 2nd Half of 2019

In Q2 2019, Beverly Hills recorded a median house price of $946,250, and a median unit price of $505,000. This represents annual (Q2 2018 – Q2 2019) median price softening of -14.0% for houses and -21.1% for units. However, in the past six months (Q4 2018 – Q2 2019) median house price growth rapidly improved, softening by just -0.5%. This suggests now is an ideal time to enter the Beverly Hills housing market, while prices remain affordable.

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Sept. 13, 2019, 6:04 a.m.

PRD Toowoomba Market Update 2nd Half of 2019

In Q2 2019, Toowoomba recorded a median house price of $395,000 (287 sales) and a median unit price of $292,000 (57 sales). This represents annual (Q2 2018 – Q2 2019) median price growth of 3.9% (houses) and a softening of -5.6% (units). During this time sales slowed, by -12.0% (houses) and by -40.6% (units). The house market is undersupplied, an opportunity for owners to sell. The unit market has become more affordable, ideal for first home buyers.

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Sept. 3, 2019, 4:56 a.m.

Metro Strata Report 2019

With the state of residential strata development currently a hot topic nationally, it is important to gain an overall understanding of each Capital City Metro market’s development pipeline. The PRDnationwide Strata Development Pipeline Capital City Metro Areas September 2019 aims to provide a high-level view of total, proceeding, and deferred/abandoned strata developments, both in terms of number of projects and number of units/apartments planned for the market, between 2018-2020.

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Aug. 28, 2019, 7:08 a.m.

Q3 2019 Key Market Indicators – Tasmania

In the 12 months to the March quarter of 2019, Tasmania (TAS) recorded a 13.1% growth in the number of first home buyer loans, earning it a gold award nationally in the most improved number of first home buyer loans category in the PRDnationwide Q3 2019 Key Market Indicator Awards.

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Aug. 28, 2019, 7 a.m.

Q3 2019 Key Market Indicators – Victoria

Victoria (VIC) proved itself to be an extremely attractive state for investment, earning five gold awards nationally in the following categories of the PRDnationwide Q3 2019 Key Market Indicator Awards: highest number of first home buyer loans, most improved home loan affordability growth, highest number of dwelling approvals, highest weekly median family income growth, and highest nett migration.

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Aug. 28, 2019, 6:54 a.m.

Q3 2019 Key Market Indicators – South Australia

South Australia (SA) continues to hold opportunities for first home buyers, with the number of first home buyer loans increasing by 5.6% in the 12 months to the March quarter of 2019. This is in stark contrast to the Australian average, which declined by -11.6% during the same period.

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Aug. 28, 2019, 6:46 a.m.

Q3 2019 Key Market Indicators – Western Australia

Western Australia (WA) can be an overlooked state for property opportunities, mainly due to its geographical distance to the three main states of Queensland (QLD), New South Wales (NSW), and Victoria (VIC). However, it holds countless opportunities for those looking for affordable investment options.

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Aug. 28, 2019, 6:40 a.m.

Q3 2019 Key Market Indicators – Australian Capital Territory

The Australian Capital Territory (ACT) continued to demonstrate strong economic fundamentals in the PRDnationwide Q3 2019 Key Market Indicator Awards, earning gold awards nationally in the lowest unemployment rate and most improved unemployment rate categories.