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Dec. 6, 2019, 4:18 a.m.
Bargara PRD Market Update 2nd Half of 2019
In Q3 2019, Bargara and the Coast recorded a median house price of $372,000, and a median unit price of $345,000. This represents annual (Q3 2018 – Q3 2019) median house price growth of 3.8% and a softening for units of -6.6%. Between Q3 2018 – Q3 2019 total house sales slowed by -10.3% (to 70 sales), but total unit sales increased, by 68.2% (to 37 sales). Now is an ideal time to transact in the market, as both buyers and sellers can benefit.
Dec. 6, 2019, 4:11 a.m.
Bundaberg PRD Market Update 2nd Half of 2019
In Q3 2019, Bundaberg recorded a median house price of $243,000, and a median unit price of $177,000. This represents annual (Q3 2018 – Q3 2019) median price softening of -3.0% (house) and -14.5% (units). However, between Q3 2018-Q3 2019 total sales have increased, up by 1.0% for houses (to 144 sales) and by 4.5% for units (to 23 sales). The market is heading into a recovery as demand is starting to pick up, which will push up prices in the near future.
Dec. 3, 2019, 10:54 p.m.
Lake Macquarie PRD Market Update 2nd Half of 2019
In Q3 2019, Lake Macquarie recorded a median house price of $640,000, and a median unit price of $482,500. This represents annual (Q3 2018 – Q3 2019) median price softening of -1.7% for houses and growth of 6.0% for units. At the same time total house sales slightly slowed, by -1.7% (to 172 sales), while units increased by 34.2% (to 80 sales). Now is an ideal time to transact as there is a strong unit market and more affordable houses for first time home buyers.
Nov. 28, 2019, 6:33 a.m.
Penrith PRD Market Update 2nd Half of 2019
In Q3 2019, Penrith recorded a median house price of $651,750, and a median unit price of $460,000. This represents annual (Q3 2018 – Q3 2019) median price softening of -4.9% for houses and -10.2% for units. During this timeframe total house sales slowed, down by -5.5% to 536 sales. Meanwhile unit sales increased, by 2.3% to 220 sales. That said the Penrith market have seen more positive signs over the past 6 months, suggesting confidence is returning.
Nov. 28, 2019, 6:15 a.m.
Newcastle PRD Market Update 2nd Half of 2019
In Q3 2019, Newcastle recorded a median house price of $717,000, and a median unit price of $507,500. This represents annual (Q3 2018 – Q3 2019) median price growth of 1.7% for houses and a price softening of -12.5% for units. At the same time total sales improved for Q3 2019, up by 5.9% for houses (to 144 sales) and by 36.6% for units (to 112 sales). Confidence is increasing in Newcastle, making now an ideal time to transact in the market.
Nov. 27, 2019, 6:14 a.m.
Affordable & Liveable Property Guide 2nd Half 2019 - Hobart
A key finding in this report was that in order to identify affordable and liveable areas, suburbs with declining annual median house or unit price growth had to be considered. This was the same methodology applied in the 1st Half 2019¥ report. Therefore, instead of showcasing only suburbs with price growth (which was the trend in 2nd Half 2018µ report), minimising the decline in capital growth became an objective. This is good news for first home buyers because chosen affordable and liveable suburbs are now even more affordable.
Nov. 27, 2019, 5:58 a.m.
Affordable & Liveable Property Guide 2nd Half 2019 - Melbourne
A key finding in this report is that most of the suburbs are spread across the north side of the Melbourne CBD. These suburbs have ticked the right boxes in relation to the best possible affordability, whilst also satisfying other criteria such as: low vacancy rates, high yields, large infrastructure spending, low crime and proximity to amenities. As Melbourne’s property market starts to head towards a recovery, there are ample affordable suburbs for first home buyers to take advantage of before prices start to surge.
Nov. 27, 2019, 5:30 a.m.
Affordable & Liveable Property Guide 2nd Half 2019 - Adelaide
A key finding in this report is that most of the affordable and liveable suburbs are well spread out from the Adelaide CBD. These suburbs have the best possible median price growth, while also satisfying other criteria such as: low vacancy rates, high yields, large infrastructure spending, low crime and proximity to amenities. Adelaide also offers the most affordable housing when compared with all capital cities in Australia, which should encourage first home buyers to get into market.
Nov. 27, 2019, 5:07 a.m.
Affordable & Liveable Property Guide 2nd Half 2019 - National
The PRD Affordable and Liveable Property Guides 2nd Half 2019 are available for Sydney, Melbourne, Brisbane, Adelaide, Canberra, Perth and Hobart. These guides provide valuable insights and highlights of the market and report on many key indicators to create a holistic picture of property conditions in each capital city.
Nov. 27, 2019, 5:06 a.m.
Affordable & Liveable Property Guide 2nd Half 2019 - Brisbane
A key finding of this report is that the majority (5 out of 6) of the affordable and liveable suburbs are on the north side of the Brisbane River. These suburbs have the best possible median price growth while also satisfying other criteria such as: low vacancy rates, high yields, large infrastructure spending, low crime and proximity to amenities. In the previous 1st Half 2019¥ report, suburbs were spread throughout Brisbane, which suggests that there are now limited options.