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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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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…
The Inner North property market has strengthened over the past 12 months and is in gear for further growth in 2018. The median house price in Q1 2018 was recorded at $940,000 and median unit price wa…
The Werribee property market is set to perform exceedingly in 2018 and now is the time for keen buyers and sellers to transact in the market. Werribee recorded a median house price of $500,500 and $3…
The Liverpool property market presents opportunities for affordability with a median house price of $790,000 and unit price of $520,000, as at Q1 2018. This represents an annual price change of -2.5%…
The Carina/Carindale property market recorded a median price of $780,000 for houses and $490,000 for units in Q1 2018, representing annual price changes of 4.0% and 0.0% respectively. Over the same p…
The Coolum Beach house market has softened by -1.2% over the past 12 months (Q1 2017 – Q1 2018), recording a median price of $622,500 in Q1 2018. Over the same time, the unit market has grown by 2.3%…
The Norwest property market recorded a median house price of $1,280,250 in Q4 2017, signaling a partial softening of -1.5%. Meanwhile, Norwest’s unit market recorded a median price of $850,000, repre…
Norwest is a business park located approximately 28km from the Sydney CBD, a vibrant and growing employment node. Norwest and its surrounding suburbs presents a sough after premium market compared t…
The Camden Haven property market continues to deliver positive capital growth to home owners, with Q1 2018 reporting a median house price of $485,000 and a median unit price of $395,000; representing…
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