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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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In Q3 2017 median house price in Mackay was recorded at $312,000, while median unit price was recorded at $180,000. These prices suggest a period of high affordability in Mackay*, a perfect time for …
The Camden Haven property market recorded a median house price of $519,000 and $400,000 for units in Q3 2017, representing impressive double digit annual price growth of 10.4% and 23.1% respectively.…
The Camden Haven property market recorded a median house price of $519,000 and $400,000 for units in Q3 2017, representing impressive double digit annual price growth of 10.4% and 23.1% respectively.…
The Derrimut housing market recorded a median price of $635,000 in Q3 2017 representing an annual price change of 22.1%, achieving steady growth over the past 10 years. Over the same period of time, …
Burleigh Heads is known for its spectacular surfing and a picturesque punctuation mark of the Gold Coast. Over the past 12 months leading up to Q3 2017, the market in Burleigh Heads and Burleigh Wate…
Market conditions in Werribee have performed exceptionally well over the past 12 months, recording a median price of $480,000 for house and $377,500 for units in Q3 2017. This represents impressive …
The Bribie Island and its surrounding suburbs, namely Banksia Beach, Bellara, Bongaree, Woorim and White Patch has experienced positive growth in median price for both house and units over the past 1…
The Ettalong Beach property market recorded a median house price of $750,000 and $600,000 for units in Q3 2017, resulting in annual price growth of 15.4% and 14.3% respectively. In comparison, house …
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