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Nov. 11, 2019, 6:19 a.m.
Q4 2019 Key Market Indicators – Australian Capital Territory
The Australian Capital Territory (ACT) recorded the lowest unemployment rate across Australia of 3.3% in September 2019. This is well below the Australian unemployment rate of 5.2% and earned the ACT a gold award nationally in the Lowest Unemployment Rate category of the PRD Q4 2019 Key Market Indicator Awards
Nov. 11, 2019, 6:11 a.m.
Q4 2019 Key Market Indicators – New South Wales
New South Wales (NSW) recorded a home loan affordability index reading of 26.9 points, which represents a 2.3% improvement in the 12 months to the June quarter of 2019. Although this is below the Australian average growth of 3.5% during the same period, it is above traditionally affordable states such as Queensland (QLD), South Australia, and Tasmania (TAS)
Nov. 11, 2019, 6:07 a.m.
Q4 2019 Key Market Indicators – Western Australia
Western Australia (WA) recorded a home loan affordability index reading of 44.6 points in the June quarter of 2019, earning the state a bronze award nationally for the Highest Home Loan Affordability Index Reading category. This is much higher than the Australian home loan affordability index reading of 32.2 points, and cements WA as one of the most affordable states in the country.
Nov. 11, 2019, 5:40 a.m.
Q4 2019 Key Market Indicators – Queensland
Queensland’s (QLD) home loan affordability index reading was 35.5 points in the June quarter of 2019, which held relatively steady compared to the June quarter of 2018 (35.6 index points). QLD remains the most affordable state compared with New South Wales (NSW) at 26.9 index points, Victoria (VIC) at 30.7 index points, and the Australian average at 32.2 index points.
Nov. 11, 2019, 4:41 a.m.
Q4 2019 Key Market Indicators – Northern Territory
The Northern Territory (NT) recorded 274 new first home buyer loans in the June quarter of 2019. Although this number may seem small, it is actually a 54.8% improvement compared with the 177 first home buyer loans recorded in the June quarter of 2018. This has earned the NT a gold award nationally for the Most Improved Number of First Home Buyer Loans.
Nov. 11, 2019, 2:03 a.m.
Q4 2019 Key Market Indicators
The number of first home buyer loans approved across Australia in the June quarter of 2019 was 26,250, which represents a -7.6% decline in the past 12 months. Despite a decrease in the number of first home buyer loans, this is a smaller decline compared with the -11.6% that occurred between the March quarter of 2018 and the March quarter of 2019.
Nov. 8, 2019, 1:06 a.m.
Inner North PRD Market Update 2nd Half of 2019
In Q3 2019, the Inner North recorded a median house price of $858,000, and a median unit price of $484,000. This represents annual (Q3 2018 – Q3 2019) median price changes of -7.2% for houses and -3.2% for units. At the same time, total sales in both markets slowed for Q3 2019, down by -28.5% for houses to 88 sales and by –15.6% for units to 189 sales. Now is an ideal time to enter the market, with lower prices and fewer competitive buyers in the area.
Sept. 26, 2019, 2:43 a.m.
Coolum Beach Research Factsheet 1st Half 2019
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 units. Compared to Coolum Beach 2nd half 2018 Research Factsheet, which reported an annual (Q3 2017 – Q3 2018) median price change of 6.5% (house) and 12.7% (units), houses in Coolum Beach* have become more affordable whilst units have strengthened in value.
Sept. 26, 2019, 2:35 a.m.
Agnes Water Research Factsheet 1st Half of 2019
Agnes Water recorded a median house price of $400,000 and $300,000 for units in the 1st half 2019. These figures represented an annual (1st half 2018- 1st half 2019) price strengthening of 1.9% for house and 7.7% for units. Compared to the Agnes Water 2nd half 2018 Research Factsheet, which reported an annual (2nd half 2017- 2nd half 2018) median price change of -1.0% (house) and 3.0% (units), properties in Agnes Water have strengthened in value, particularly for units.
Sept. 26, 2019, 2:28 a.m.
Liverpool Research Factsheet 1st Half of 2019
Liverpool*, which in this report refers to the Liverpool Local Government Area (LGA), recorded a median price of $755,000 for house and $520,000 for units in Q1 2019. This represents an annual (Q1 2018-Q1 2019) median price softening of -4.1% for houses and strengthening of 3.4% for units. Compared to the Liverpool* Research Factsheet 2nd Half 2018, which reported an annual (Q3 2017-Q3 2018) median price softening of -1.9% (house) and -3.3% (units), houses in Liverpool* have become more affordable whereas units have strengthened in value.