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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 Oatley house market has grown by 4.4% over the past 12 months (Q1 2017-Q1 2018), recording a median price of $1,487,600 in Q1 2018. The unit market has grown at a more impressive rate of 13.9% ov…
The Bexley North property market recorded a median house price of $1,200,000 in Q2 2018, representing an annual price change of -9.8% (Q2 2017 – Q2 2018). Similarly, house prices in The Bayside Counc…
Marsden recorded a house median price of $385,000 in Q1 2018, signifying an 8.5% price change over the past 12 months. In comparison Logan City Council recorded a higher house median price, of $420,0…
The property market in Melton is booming. During Q1 2018 the Melton property market recorded a median house price of $415,000 and $340,000 for units, which represents an annual price change of 38.3% …
The Creswick property market recorded a median house price of $330,000 and $125,000 for vacant land in Q4 2017, representing an annual price change of 11.9% and 25.0% respectively. Over the same peri…
The Hunter Valley property market recorded a median house price of $450,000 and $335,000 for units in Q4 2017, representing an annual price change of 8.4% and 17.5% respectively. Over the same period…
The Hunter Valley property market recorded a median house price of $450,000 and $335,000 for units in Q4 2017, representing an annual price change of 8.4% and 17.5% respectively. Over the same period…
The Tweed Coast property market recorded a median house price of $820,000 and $507,500 for units in Q4 2017, representing an annual price change of 12.9% and 16.5% respectively. Over the same period …
Over the past 12 months leading up to Q4 2017, the Coolangatta market, which for this report captures all of the Gold Coast LGA, recorded a median house price of $645,000, reflecting an annual price …
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