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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 Tumbarumba property market recorded a median house price of $217,500 in Q4 2017, representing an annual growth of 3.6%. Meanwhile, the Snowy Valleys Council recorded a median house price of $250,…
The Alexandria property market recorded a median house price of $1,372,000 in Q4 2017, representing an annual price change of -8.5%. Over the same period of time unit prices in Alexandria softened at…
A key focus of the Perth Economic and Property Market Forecast was to explore the extent to which the Perth local economy functions differently from the larger Australian economy (of which it is a p…
The Tumbarumba property market recorded a median house price of $217,500 in Q4 2017, representing an annual growth of 3.6%. Meanwhile, the Snowy Valleys Council recorded a median house price of $250,…
The Palm Beach property market recorded a median house price of $787,500 and $442,500 for units in Q4 2017, representing strong annual capital growth of 11.7% and 16.4% respectively. Over the same pe…
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…
The Tumut property market recorded a median house price of $260,000 in Q4 2017, which showcases exponential growth over the past 12 months of 23.8%. This is above the Snowy Valley Council’s LGA annua…
Albury recorded a median house price of $335,000 and $140,000 for vacant land in Q4 2017, representing an annual price change of 1.5% and 3.7% respectively. Over the same period of time (Q4 2016-Q4 2…
Albury recorded a median house price of $335,000 and $140,000 for vacant land in Q4 2017, representing an annual price change of 1.5% and 3.7% respectively. Over the same period of time (Q4 2016-Q4 2…
Median prices in Marsden were recorded at $375,000 for house and $233,000 for units in Q3 2017, representing an annual price change of 4.2% and -14.9%, respectively. Over the same period of time (Q3 …
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