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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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Queensland’s (QLD) top achievement this quarter was winning the silver award nationally for highest median weekly family income growth at 2.5% in the 12 months to June quarter 2018. QLD can boast a s…
As 2018 closes, it is time to celebrate some wins, the most notable of all being positive consumer sentiment and growth in the number of first home buyer loans. The Australian consumer sentiment inde…
New South Wales (NSW) has recently become much more welcoming for first home buyers. In the June quarter 2018, the state achieved the gold award nationally for the most improved number of first home …
Oatley recorded a median house price of $1,407,250 and $686,000 for units in Q3 2018, which represented an annual (Q3 2017-Q3 2018) price change of 4.2% and 1.6% respectively. Compared to Oatley 1st …
Oatley recorded a median house price of $1,407,250 and $686,000 for units in Q3 2018, which represented an annual (Q3 2017-Q3 2018) price change of 4.2% and 1.6% respectively. Compared to Oatley 1st …
Leading into Q3 2018, the Bexley North property market recorded a median house price of $1,230,000 and $645,000 for units, which represents an annual price softening of -8.9% and -0.8%, respectively.…
Leading into Q3 2018, the Bexley North property market recorded a median house price of $1,230,000 and $645,000 for units, which represents an annual price softening of -8.9% and -0.8%, respectively.…
In the 12 months prior to Q3 2018, the Kingsgrove property market saw median house prices soften by -12.1% to $1,195,500 and unit prices strengthen by 4.7% to $672,500. By comparison, annual (Q1 2017…
In the 12 months prior to Q3 2018, the Kingsgrove property market saw median house prices soften by -12.1% to $1,195,500 and unit prices strengthen by 4.7% to $672,500. By comparison, annual (Q1 2017…
Agnes Water recorded a median house price of $410,000 and $295,000 for units in the 2nd Half 2018. These figures represented an annual (2nd Half 2017- 2nd Half 2018) price softening of -1.0% for hous…
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