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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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Believe it or not…Victoria (VIC) is not the state with the highest decline in the number of first home buyer loans growth. That said, the number of first home buyer loans have decreased by 10.1% over…
Believe it or not… South Australia (SA), once widely known for its higher affordability (when compared to New South Wales, Victoria and Queensland), is becoming unaffordable. In the space of 3 months…
Believe it or not… New South Wales’ (NSW) home loan affordability decreased at a slower rate in comparison to Victoria, -1.5% versus -2.0% respectively, over the past 12 months (to June 2017). This i…
Believe it or not… the Australian Capital Territory (ACT) has recorded the highest home loan affordability index reading, at 50.6 points. This exponentially surpasses the Australian average of 31.8 i…
Believe it or not…Tasmania (TAS) has had the highest decrease in the number of first home buyer loans growth, by 17.6% over the past 12 months (to June 2017). Attributed to high interstate investor a…
The PRD Q4 2017 Key Economic Indicators provide consumers with a quick snapshot of the current state of affairs from an economic and property perspective. The PRD Key Economic Indicators cover both n…
Believe it or not… the Northern Territory (NT) has led the way in home loan affordability, at 8.6% over the past 12 months (to June 2017). This is in contrast to the Australian average, which decline…
Believe it or not…..the Northern Territory (NT) has been leading home loan affordability growth over the past 12 months (to June 2017), at 8.6% (49.2 index points), while the once affordable South Au…
Buderim is an urban-centre on the Sunshine Coast. It sits on 180-metre mountain overlooking the southern Sunshine Coast communities. The house market in Buderim has shown positive growth over the pas…
The Dapto property market recorded a median house price of $610,000 and $559,000 for units in Q3 2017, representing solid annual growth of 17.9% and 10.7% respectively. Over the same time period hous…
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