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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 Southport property market recorded a median price of $582,000 for houses and $362,000 for units in Q2 2018, which represents an annual price change of 3.9% and -4.7%. Compared to Southport 1st ha…
The Glenorchy property market has grown from strength to strength over the past 12 months to Q2 2018. Compared to the Glenorchy Local Government Area (LGA), houses in the Glenorchy property market c…
Average rental yield in Tumut is recorded at 6.7% for house and 6.4% for units, higher than the average rental yield in the Riverina Region (5.2% and 5.8% respectively) and notably higher than Sydney…
Houses in Sanctuary Point can be secured at a more affordable price to the City of Shoalhaven Local Government Area (LGA), with higher capital growth. This is good news for first home buyers looking …
Compared to the Derwent Valley Local Government Area (LGA), houses in New Norfolk can be secured at a more affordable price, which is good news for first home buyers looking to enter the market. Now …
Albury recorded a median house price of $355,000 and a median unit price of $152,000 in Q2 2018. This represents an annual price change (Q2 2017 – Q2 2018) of 8.6% and 4.6% respectively. Compared to …
Albury recorded a median house price of $355,000 and a median unit price of $152,000 in Q2 2018. This represents an annual price change (Q2 2017 – Q2 2018) of 8.6% and 4.6% respectively. Compared to …
Property prices in Tumbarumba sit below the Snowy Valleys Council Local Government Area (LGA), indicating a more affordable entry point. First home buyers and investors are urged to act now and capit…
Property prices in Tumbarumba sit below the Snowy Valleys Council Local Government Area (LGA), indicating a more affordable entry point. First home buyers and investors are urged to act now and capit…
Over 2018, Norwest has continued to experience cooling, where median prices have become more affordable – particularly for houses. This is reflective of Sydney's cooling in property prices, presentin…
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