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As of the December quarter of 2023, housing affordability in New South Wales, Victoria, South Australia, Tasmania, and the Australian Capital Territory have been all at their lowest in 20 years. In the past 12 months (to the December quarter of 2023), the weighted average capital city Australian median house price grew by 5.3% to $$1,005,242, maki…
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Australia’s economy is entering a new phase following 12 consecutive cash rate hikes since May 2022. With the cash rate currently in a ‘hold’ pattern (at 4.1%), there is a multiplier effect on all facets of life. How does this impact the property market for the rest of 2023 and early 2024? And is the cash rate the only issue?
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The PRD Affordable and Liveable Property Guides 2nd half 2023 are available for Brisbane, Sydney, Melbourne, Hobart, Gold Coast, and Perth. These guides provide valuable insights on property trends and how current economic conditions (including cash rate hikes) have impacted the market, as well as future developments for the next 6 months. For tho…
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The Australian rental market has reached a point of severe stress, with many referring to current conditions as the "rental crisis". This report identifies key suburbs/areas in each capital city that hold a potential for renters. We have attempted to identify suburbs with a lower median rental price compared to the relevant capital city, as well a…
Continue reading >The PRD Property Search showcases property for sale and rent right across Australia. Find the latest homes for sale and search for Australian Real Estate.
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In Q2 2019, Hurstville recorded a median house price of $1,340,000 and a median unit price of $671,000. This represents an annual (Q2 2018 – Q2 2019) median price softening of -5.0% for houses and -5…
In Q2 2019, New Norfolk recorded a median house price of $220,000, and a median vacant land price of $70,000. This represents annual (Q2 2018 – Q2 2019) median price growth of 7.4% for houses and 12.…
In Q2 2019, Glenorchy recorded a median house price of $380,000, and a median unit price of $259,500. This represents annual (Q2 2018 – Q2 2019) median price growth of 2.0% for houses and a price sof…
Q1 2019 saw Maroubra* record a median house price of $1,560,000 and a median unit price of $787,500, which represents annual (Q1 2018 – Q1 2019) softening of -13.3% (house) and -10.9% (unit). When c…
The property market of Bundaberg and Bargara, especially that of postcode 4670, recorded a median house price of $285,000 and $215,000 for units in Q3 2018. This represented an annual (Q3 2017-Q3 201…
A softening in house prices is being experienced throughout the wide Bundaberg LGA area however unit buyers in Bundaberg, especially that of postcode 4670, can benefit from positive capital growth.
Bundaberg regional area recorded a median house price of $293,000 (+1.0% annual growth) and median unit price of $254,950 (-1.8% annual growth) in Q3 2017. Bundaberg and its surrounding areas recorde…
Looking for an attractive investment option or your first home? Bundaberg offers median price of $267,250 for houses and $198,125 for units with rental yields of 5.8% and 6.8% respectively. Units in …
The property market of Bundaberg and Bargara, especially that of postcode 4670, recorded a median house price of $272,000 and $210,000 for units in Q1 2019. This represented an annual (Q1 2018-Q1 201…
Coolum Beach recorded a median house price of $679,000 and $433,200 for units in Q1 2019. This is an annual (Q1 2018-Q1 2019) slight softening of -1.6% for house and a strengthening of 14.0% for unit…
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