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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 Q1 2019 the Ballarat property market continues to reflect a strong market, with median house price growing by 12.4% over the past 12 months (Q1 2018 – Q1 2019) to $427,250. Within the same timefra…
Tweed Coast recorded a median house price of $795,000 and $540,000 for units in Q4 2018. This is an annual (Q4 2017-Q4 2018) median price softening of -1.8% for houses and strengthening of 4.9% for u…
Over the past 12 months leading up to Q4 2018, the Tweed Heads market, which captures all of Tweed Shire Regional Local Government Area (LGA), recorded a median house price of $652,000. This reflecte…
The Whitsundays region is notable as the central gateway to the world heritage listed Great Barrier Reef region and is a premium sailing and boating destination, with secluded anchorages among its 74…
In Q2 2019, Tumut recorded a median house price of $279,000, and a median vacant land price of $135,000. This represents annual (Q2 2018 – Q2 2019) median price growth of 8.3% for houses and 12.5% fo…
In Q2 2019, Tumut recorded a median house price of $279,000, and a median vacant land price of $135,000. This represents annual (Q2 2018 – Q2 2019) median price growth of 8.3% for houses and 12.5% fo…
Nundah * recorded a median house price of $665,000 and $400,000 for units in Q1 2019. This represented an annual (Q1 2018-Q1 2019) price softening of -13.6% for houses and a slight strengthening of 0…
Nundah * recorded a median house price of $665,000 and $400,000 for units in Q1 2019. This represented an annual (Q1 2018-Q1 2019) price softening of -13.6% for houses and a slight strengthening of 0…
Tannum Sands* recorded a median house price of $303,500 and a median unit price of $190,000 in the 1st half of 2019. These figures represented an annual (1st Half 2018 – 1st Half 2019) price strength…
Tannum Sands* recorded a median house price of $303,500 and a median unit price of $190,000 in the 1st half of 2019. These figures represented an annual (1st Half 2018 – 1st Half 2019) price strength…
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