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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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Between 2016 to the 1st quarter of 2018*, the number of houses sold in the Brisbane City Local Government Area (LGA) grew by 17.9%. The median price also grew by 3.1%, indicating real capital growth …
The city of Hobart’s median property prices increased by 10.6% for houses and 7.2% for units between 2016 to 2017/2018. At the same time, sales transactions increased by 30.7% (houses) and 54.0% (uni…
Buyers seeking to secure their dream property in a sustainable and growing market need to give serious consideration to Wagga Wagga, particularly postcode 2650. Wagga Wagga, particularly the postcod…
The Hervey Bay property market experienced a positive median house price growth of 0.9% since the 2nd half 2016, which is at $348,000 in 2nd half 2017. Over the same period of time (2nd half 2016 to …
The Hervey Bay property market experienced a positive median house price growth of 0.9% since the 2nd half 2016, which is at $348,000 in 2nd half 2017. Over the same period of time (2nd half 2016 to …
Ettalong Beach attracts a more premium price when compared to the wider Central Coast LGA. The Ettalong Beach property market recorded a median house price of $770,000 and $630,000 for units in Q1 20…
The Tamworth property market recorded a median house price of $377,500 and $239,625 for units in Q1 2018, which represents an annual price change of 11.0% and -5.8% respectively. Over the same time, …
Compared to the wider Newcastle LGA, Newcastle offers a more premium property market, whilst remaining affordable when compared to Sydney Metro’s median house and other dwelling prices of $1,150,357 …
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…
The Agnes Water property market recorded a median house price of $378,000 and $279,000 for unit Q1 2018, which represents an annual softening of -4.3% and -2.1% respectively over the past 12 months t…
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