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National Hotspots 1st Half 2017

The PRDnationwide capital hotspots report provides valuable insight and highlights for the market, reporting on a number of key indicators to create a holistic picture of the property conditions in each capital city. 

Each report focuses on suburbs within a 20km radius of the CBD, taking into consideration the following factors:

  • Sales indicators - the number of sales transactions and median price growth over the past fifteen months between 2015 and 2016/17.
  • Rental and investment indicators - median rental price, rental yield, and vacancy rates.
  • Affordability - the average home loan of the relevant state, which indicates the amount that banks are comfortable with in approving for mortgage loans. We add a percentage premium to this amount to indicate the maximum property price considered to be affordable.
  • Developments scheduled to commence in the 1st half 2017, which includes mixed use, infrastructure, industrial, and residential projects. This is key to maintaining growth as it indicates a potential increase in economic and commercial activity; as well as interconnectivity to key transport routes, the CBD, and other major urban business hubs.

A main contrast between the capital city hotspots in relation to affordability is reflected in a house median price heatmap, in particular the percentage of the market accessible to buyers with a certain budget within 20km from the CBD.

For further information on each PRDnationwide capital city hotspots please contact research@prd.com.au