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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 Coffs Harbour property market is a very attractive location for affordability and is well established for ongoing growth over 2018. In Q1 2018 median house prices were recorded at $529,000 and me…
There has been an extremely strong demand for property in Buninyong – particularly houses - indicating the need for more residential development in the area. Now is the time for first home buyers and…
The Penrith property market recorded a median house price of $695,000 and $500,000 for units in Q1 2018, representing an annual price change of -1.4% and -2.3% respectively. This signals a return tow…
The Penrith property market recorded a median house price of $695,000 and $500,000 for units in Q1 2018, representing an annual price change of -1.4% and -2.3% respectively. This signals a return tow…
The Kogarah property market witnessed a record-setting median house price of $1,458,500 and $683,900 for units in Q3 2017, resulting in exceptional double digit annual growth figures of 12.8% and 10.…
The Kogarah property market has witnessed exceptional performance over the past 12 months to Q1 2017 with strong demand for housing spurring exceptional annual price growth.
The Ballarat property market is moving quickly. Houses recorded a median price of $425,000 and units recorded $255,000 in Q1 2018, which represents an annual price change of 21.4% and 1.0% respective…
The Ipswich property market in this report encapsulates aggregate property market conditions in Ipswich, Booval, Brassall, Bundamba, Newtown and Silkstone. The median house price in Q1 2018 was $327,…
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