Stage 3 Tax Cuts: Will It Allow Greater Access to the Property Market?
June 27, 2024, midnightFrom the Desk of the Chief Economist
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From the Desk of the Chief Economist
Continue reading >The PRD Affordable and Liveable Property Guides 1st Half 2024 are available for Brisbane, Sydney, Melbourne, and Hobart. These guides provide valuable insights into property trends and how current economic conditions (including higher interest rates) have impacted the market, as well as future developments for 2024. For those looking for more affo…
Continue reading >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…
Continue reading >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 2022 are available for Brisbane, Sydney, Melbourne, and Hobart. These guides provide valuable insights of the market and report on many key in…
In Q3 2022, Newcastle (postcode 2300 and 2303) recorded a median house price of $1,215,000, and a median unit price of $835,500. This represents annual (Q3 2021 – Q3 2022) median price softening of -…
In Q3 2022, Lake Macquarie, recorded a median house price of $937,500. This is an annual (Q3 2021 – Q3 2022) 1.4% median price growth. That said, on a quarter-by-quarter basis (Q2 2022 – Q3 2022), th…
Australia plans to become a net zero emissions country by 2050. If achieved, we will become a leading nation in sustainability and renewable energy. To what extent does the addition of renewable ener…
In Q2 2022, Bundaberg recorded a median house price of $383,000, and a median unit price of $245,000. This represents annual (Q2 2021 – Q2 2022) median price growth of 27.9% for houses and a minor pr…
In Q2 2022, Bargara recorded a median house price of $575,000, and a median unit price of $456,000. This represents annual (Q2 2021 – Q2 2022) median price growth of 25.3% for houses and 15.4% for un…
One year has passed since the announcement of Brisbane's successful bid to host the 2032 Olympic Games. In conjunction with the announcement, master plans and developments have been detailed in State…
In Q2 2022, Ballarat, which in this report represents postcodes 3350,3356 & 3355; recorded a median house price of $600,000, and a median unit price of $395,000. This represents annual (Q2 2021 – Q2 …
In Q2 2022, Ashmore recorded a median house price of $1,005,000, and a median unit price of $541,790. This represents annual (Q2 2021 – Q2 2022) median price growth of 40.0% for houses and 23.1% for …
In Q2 2022, Tallebudgera recorded a median house price of $1,435,000. This represents annual (Q2 2021 – Q2 2022) median price softening of -5.0% for houses. House sales decreased between Q2 2021 – Q2…