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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 Ballarat rental market continues to serve investors well, particularly for houses. Median house rental price increased by 8.5% over the past 12 months to Q3 2018, to $320 per week. During this ti…
The Ballarat rental market continues to serve investors well, particularly for houses. Median house rental price increased by 8.5% over the past 12 months to Q3 2018, to $320 per week. During this ti…
The Maidstone property market recorded mixed results over the 12 months to Q3 2018. Median house price has experienced a slight softening to $770,000 (-0.4%), while median unit price rose by 12.0% to…
The Port Stephens property market recorded a median house price of $632,500 and $445,750 for units in Q3 2017, representing an annual price change of 12.5% and -4.1% respectively. Port Stephens price…
Port Stephens is a sought after market with house and unit median prices growing at 16.1% and 24.7% respectively. The trend of owner occupiers is strong, investors are benefiting from 3.9% (house) an…
The Port Stephens property market recorded a median house price of $637,500 and $479,000 for units in Q1 2018, representing an annual price growth of 2.7% and 6.4% respectively. Over the same time, h…
Tweed Coast property market recorded a median house price of $845,000 and $560,000 for units in Q2 2018, which represented an annual (Q2 2017-Q2 2018) price change of 14.2% and 31.5% respectively. Co…
Over the past 12 months leading up to Q2 2018, the Tweed Heads market, which for this report captures the Tweed Shire Local Government Area (LGA), recorded a median price of $637,500 (house) and $412…
Coolangatta is located within 27 kilometres South of Surfers Paradise. According to ABS Census 2016, population growth was 14.6% over the past five years whilst the number of private dwellings only g…
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