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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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The Newcastle metropolitan area is the second most populated area in New South Wales (NSW), located 162kms north-east of Sydney. According to ABS Census 2016, 35.5% of private dwellings in Newcastle …
Bribie Island recorded a median house price of $470,000 and $375,000 for units in Q3 2018. These figures represented an annual (Q3 2017-Q3 2018) price softening of -1.0% for house and a strengthening…
Located 17km south of the Sydney CBD, Beverly Hills is a mainly residential suburb. According to ABS Census 2016 27.5% of occupied private dwellings in Beverly Hills are rented, an increase from 23.9…
Located 17km south of the Sydney CBD, Beverly Hills is a mainly residential suburb. According to ABS Census 2016 27.5% of occupied private dwellings in Beverly Hills are rented, an increase from 23.9…
The Buninyong house market recorded a median price of $445,000 in Q3 2018, which represented a -5.3% change over the past 12 months. Vacant land recorded a similar median price change of -6.1% in the…
The property market of Bundaberg and Bargara, especially that of postcode 4670, recorded a median house price of $285,000 and $215,000 for units in Q3 2018. This represented an annual (Q3 2017-Q3 201…
Mackay recorded a median house price of $300,000 and $195,000 for units in Q3 2018. This represented an annual (Q3 2017-Q3 2018) price change of 1.7% and a softening of -4.9% respectively. Compared t…
Werribee is located halfway between Melbourne and Geelong, 32kms south-west of Melbourne’s CBD. According to the ABS Census 2016, 29.7% of occupied private dwellings in Werribee were rented, slightly…
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