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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 Inner North property market recorded a median house price of $868,850 and $470,000 for units in Q3 2017, representing an annual price change of 9.8% and 13.3% respectively. Over the same period o…
The Ballarat property market recorded a median house price of $357,500 for houses and $269,000 for units in Q3 2017, representing an annual price change of 8.0% and 19.6% respectively. This makes Bal…
Bundaberg property data encapsulates aggregate property sales from the following suburbs: Avenell Heights, Avoca, Alloway, Ashfield, Branyan, Bucca, Bullyard, Bundaberg East, Bundaberg North, Bundabe…
The Bungendore property market recorded a median house price of $676,000 and $267,000 for vacant land in Q3 2017, representing an annual price change of 15.6% and 4.7% respectively. Over the same per…
The Bungendore property market recorded a median house price of $676,000 and $267,000 for vacant land in Q3 2017, representing an annual price change of 15.6% and 4.7% respectively. Over the same per…
Mildura is major residential centre with competitive strengths in agriculture and food manufacturing. In Q3 2017*, the Mildura property market recorded a median price of $262,324 for house, $182,000 …
In Q3 2017 Maroubra recorded a median house price of $2,161,500 and unit price of $890,000, representing an annual price change of 13.8% and 6.1% respectively. Over the same period Randwick City Coun…
Believe it or not…Western Australia (WA) is the 3rd most affordable state in Australia, at 42.3 index points. This is significantly higher than the Australian average of 31.8 index points. Due to the…
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