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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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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…
A softening in house prices is being experienced throughout the wide Bundaberg LGA area however unit buyers in Bundaberg, especially that of postcode 4670, can benefit from positive capital growth.
The Mackay house property market shows promise in Q1 2018, recording a median price of $310,000. This represents annual growth of 5.6%, which when compared to the Mackay Regional LGA house market ann…
Kogarah recorded a median house price of $1,233,750 and $670,000 for units in Q1 2018, which represents an annual price change of -11.2% and -0.7% respectively. House prices in the Georges River Loca…
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