Major City Market Update 1st Half 2021

The PRD Major City Market Update 1^st Half 2021 reports are available for Brisbane, Sydney, Melbourne, Hobart, Canberra, Perth, and Gold Coast. These reports provide key statistical information for first home buyers, investors, and the property industry.

A first of their kind, these reports divide each city into inner, middle, and outer-rings, allowing for an in-depth analysis of each specified market, whilst painting a holistic picture of the property conditions in each area.
Each report covers house and unit property types, capturing:

1. Sales volume, median price, and median price growth year on year 2019 vs 2020
2. Sales price distribution for 2020
3. Average vendor discount on a quarterly basis from Q3 2019 to Q4 2020
4. Average days to sell on a quarterly basis from Q3 2019 to Q4 2020
5. Rental market information on a quarterly basis from Q3 2019 to Q4 2020
6. Rental market performance year on year 2019 vs 2020 for different bedroom types (i.e 2+ bedrooms, 3+ bedrooms, 4+ bedrooms)
7. Average days to let a rental property on a quarterly basis from Q3 2019 to Q4 2020
8. Average rental yield on a quarterly basis, to December 2020
9. Vacancy rates on a quarterly basis, to December 2020
10. Key commentary of relevant market trends

PRD Major City Market Update reports featured in  leading media outlets, please see the media coverage below:

• Sydney Morning Herald: Unit and house price gulf widens in two-speed Melbourne property market
• Brisbane Times: Record price difference opens between Sydney houses and units
• News Daily: The silent factor that’s putting upwards pressure on Australian house prices
• ABC Radio Brisbane: Brisbane house prices reach historic high
• ABC News: Gold Coast Mayor Tom Tate says building on basketball court-sized blocks 'better than nothing'
• Herald Sun:  Melbourne’s middle ring ‘completely bonkers’ for price growth.
• The Daily Telegraph: Sydney property: Middle ring suburbs now more expensive than inner city for first time.