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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, 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 -2…
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% (hou…
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% (hou…
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 PRD S…
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 …
Victoria (VIC) proved itself to be an extremely attractive state for investment, earning five gold awards nationally in the following categories of the PRD Q3 2019 Key Market Indicator Awards: highes…
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 star…
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…
The Australian Capital Territory (ACT) continued to demonstrate strong economic fundamentals in the PRD Q3 2019 Key Market Indicator Awards, earning gold awards nationally in the lowest unemployment …
ew South Wales (NSW) continues to offer increasingly affordable opportunities in its property market, with its home loan affordability index at 28.3 points in the March quarter of 2019.
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