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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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Penrith has recorded a median house price of $690,000 and $507,500 for units in Q3 2017, representing an annual price growth of 6.6% and 8.0% respectively. Over the same period of time, house prices …
The Melton property market recorded a median price of $374,250 for houses and $287,500 for units in Q3 2017, reflecting an annual change of 29.1% and 25.0% respectively. Melton’s median price for ho…
Located approximately 255 kilometres north of the city of Brisbane, Maryborough presents itself as an attractive option for house buyers and a solid market for investors interested in houses, as it p…
Located approximately 255 kilometres north of the city of Brisbane, Maryborough presents itself as an attractive option for house buyers and a solid market for investors interested in houses, as it p…
Lake Macquarie recorded a median house price of $617,050 and $456,550 for units in Q3 2017, representing an annual price change of 12.2% and 10.0%, respectively. The number of sale transactions have …
Tamworth is the major regional center for the New England region, located almost midway between Brisbane and Sydney. Tamworth is becoming an increasing dominant regional service center, underpinned b…
The Port Stephens property market recorded a median house price of $632,500 and $445,750 for units in Q3 2017, representing an annual price change of 12.5% and -4.1% respectively. Port Stephens price…
The Ramsgate Beach property market recorded a house median price of $1,508,000 and $726,250 for units in Q3 2017, representing an annual price change of 1.9% and 12.6% respectively. Over the same per…
The Ramsgate Beach property market recorded a house median price of $1,508,000 and $726,250 for units in Q3 2017, representing an annual price change of 1.9% and 12.6% respectively. Over the same per…
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