Southport Property Market Update 1st Half of 2024
Feb. 1, 2024, 5:16 p.m.
In Q4 2023, Southport recorded a median house price of $1,062,500, and a median unit price of $585,000. This represents annual (Q4 2022 – Q4 2023) growth of 19.4% (houses) and 6.4% (units). During this time total sales increased for houses, by 11.5% (to 87 sales), and declined for units, by -9.3% (to 438 sales). In the past quarter (Q3 – Q4 2023),…
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Roaring Regions - Top 10 Affordable Regional Areas 2024
March 28, 2024, 5:17 p.m.
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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Southport Property Market Update 1st Half of 2024
Feb. 1, 2024, 5:16 p.m.
In Q4 2023, Southport recorded a median house price of $1,062,500, and a median unit price of $585,000. This represents annual (Q4 2022 – Q4 2023) growth of 19.4% (houses) and 6.4% (units). During this time total sales increased for houses, by 11.5% (to 87 sales), and declined for units, by -9.3% (to 438 sales). In the past quarter (Q3 – Q4 2023),…
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Australian Economic and Property Report 2023
Dec. 6, 2023, 4:10 p.m.
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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