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Feb. 17, 2019, 11:12 p.m.
Q1 2019 Key Market Indicators – Queensland
Queensland (QLD) continues to attract new residents into the sunshine state, with 14,358 people choosing to call it home in the June quarter of 2018. This is a 7.5% increase over the past 12 months, which earned QLD a silver award nationally for the highest nett migration category in the PRDnationwide Q1 2019 Key Market Indicator Awards.
Feb. 4, 2019, 1:51 a.m.
Inner-Brisbane Apartments Report 2019
The future development pipeline is a cause for concern for investors and owners alike, with fears that incorrect stock selection could compound price and cause oversupply issues, due to the increased apartment development in Brisbane since 2015.
Dec. 3, 2018, 5:10 a.m.
Brisbane - Affordable & Liveable Property Guide 2nd Half 2018
Between 2017 and 2018, the number of houses sold in the Brisbane City Local Government Area (LGA) grew by 5.0%, yet the median house price softened by -1.0% to $670,000. The Brisbane LGA unit market has also become affordable as prices softened by -1.0% to $439,000 in 2018.
Nov. 21, 2018, 4:53 a.m.
Q4 2018 Key Market Indicators – Queensland
Queensland’s (QLD) top achievement this quarter was winning the silver award nationally for highest median weekly family income growth at 2.5% in the 12 months to June quarter 2018. QLD can boast a superior wage growth this quarter, which many states would be envious of in the current low wage growth environment.
Nov. 21, 2018, 4:39 a.m.
Q4 2018 Key Market Indicators
As 2018 closes, it is time to celebrate some wins, the most notable of all being positive consumer sentiment and growth in the number of first home buyer loans. The Australian consumer sentiment index recorded 104.3 points in November 2018, which is above the positive mark of 100 index points, and represents a 4.6% growth over the past 12 months. This suggests increasing confidence in the economy, which after a year of federal budgetary and politics changes, is a positive way to end the year. A more confident society will have a higher tendency to spend, which will have a positive multiplier effect on the economy as a whole, be it in the retail sector, hospitality, property, and others.
Sept. 4, 2018, 4:43 a.m.
Southport Property Factsheet 2nd Half 2018
The Southport property market recorded a median price of $582,000 for houses and $362,000 for units in Q2 2018, which represents an annual price change of 3.9% and -4.7%. Compared to Southport 1st half of 2018 research factsheet, which reported a 4.5% (house) and 0.1% (unit) annual median price growth between Q4 2016 – Q4 2017, properties in Southport is now more affordable.
Aug. 27, 2018, 6:22 a.m.
Q3 2018 Key Market Indicators – Queensland
Queensland (QLD) takes out the silver award nationally for highest nett migration in the PRDnationwide Q3 2018 Key Market Indicator Awards series, recording a movement of 9,174 people as of December 2017. This is great news for the QLD property market, particularly Brisbane, as an increase in population growth equals to an increase in property demand, be it for purchase or rent.
July 23, 2018, 6:53 a.m.
Australian Economic Property Report 2018
The recent release of PRDnationwide’s ‘2018 Australian Economic and Property Report’ and Capital City ‘Affordable & Liveable Property Guides 1st Half 2018’ signals a significant change in the property market generally and particularly within the housing affordability landscape. The set of reports provides an overview of the key economic drivers and their impact on the property market, assisting home buyers and investors in making fact based property decisions.
July 23, 2018, 5:30 a.m.
Brisbane - Affordable & Liveable Property Guide 1st Half 2018
Between 2016 to the 1st quarter of 2018*, the number of houses sold in the Brisbane City Local Government Area (LGA) grew by 17.9%. The median price also grew by 3.1%, indicating real capital growth and healthy demand. Units however, have become increasingly affordable as prices have softened by -3.1%. The majority (61.3%) of suburbs in greater Brisbane experienced single digit price growth, 14.9% experienced double digit growth and 23.8% had negative growth. Property buyers will be ecstatic to learn about these affordable options amid continued price growth across suburbs in the north and south. At the same time, rental prices in the LGA have remained stable for both houses and units.
May 28, 2018, 3:25 a.m.
Q2 2018 Key Market Indicators – Queensland
Queensland achieved 5 bronze awards nationally in the Q2 2018 PRDnationwide Key Market Data Indicator Awards. QLD has traditionally been known as the more affordable Australian state in terms of property prices, however over the past 3 quarters there has been a definite shift in affordability. QLD recorded a home loan affordability index reading of 36.3 points in the December quarter of 2017, which although is still higher than the Australian average of 31.6 index points, puts QLD in the top 3 unaffordable states. This places it right behind VIC (29.9 index points) and NSW (26.5 index points).