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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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Whitsundays recorded a median house price of $445,000 and $222,500 for units in Q4 2018. This represented an annual (Q4 2017-Q4 2018) price softening of -3.3% for houses and -9.2% for units. Compared…
Kyneton recorded a median house price of $562,500 and a median vacant land price of $334,000 in Q4 2018. This represents annual (Q4 2017 – Q4 2018) price growth of 6.6% and 51.8% respectively. Such a…
Toowoomba recorded a median house price of $397,000 and $299,000 for units in Q4 2018. This is an annual (Q4 2017-Q4 2018) median price softening of -1.4% for houses and -6.6% for units. Compared to …
Toowoomba recorded a median house price of $397,000 and $299,000 for units in Q4 2018. This is an annual (Q4 2017-Q4 2018) median price softening of -1.4% for houses and -6.6% for units. Compared to …
Surfers Paradise recorded a median unit price of $390,000 in Q4 2018. This is an annual (Q4 2017-Q4 2018) price growth of 2.6%. Compared to the Surfers Paradise 2nd half 2018 Research Factsheet, whic…
In Q4 2018, Creswick recorded a median house price of $390,000 and a median vacant land price of $70,000. This represents annual (Q4 2017 – Q4 2018) price growth of 18.2% and -44.0% respectively. It …
In Q4 2018, Creswick recorded a median house price of $390,000 and a median vacant land price of $70,000. This represents annual (Q4 2017 – Q4 2018) price growth of 18.2% and -44.0% respectively. It …
The house market in Kenmore experienced 4.8% annual (2017-2018) growth, recording a median price of $859,000 in 2018. That said the unit market has softened, by -2.9% to $607,000. Between 2017 – 2018…
Runaway Bay recorded a median house price of $757,000 and $403,000 for units in Q4 2018. This represented an annual (Q4 2017-Q4 2018) median price softening of -12.5% for houses and -13.3% for units.…
Finding an affordable option in Australian capital cities is not easy, especially when you are a first home buyer. Australia’s home loan affordability index has been at the lower end of the scale sin…
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