PRD Tamworth Property Market Update 1st Half 2024
April 30, 2024, 2:21 p.m.
In Q1 2024, Tamworth recorded a median house price of $536,250 and a median unit price of $335,000. This represents annual (Q1 2023 – Q1 2024) median price growth of 11.7% for houses and 4.7% for units. Total sales decreased during this time, by -6.0% for houses (to 237 sales) and by -27.3% for units (to 16 sales). Q1 2024 recorded the lowest numb…
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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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PRD Tamworth Property Market Update 2nd Half 2023
Dec. 8, 2023, 5:47 p.m.
In Q3 2023, Tamworth recorded a median house price of $529,000, and a median unit price of $375,000. This represents annual (Q3 2022 – Q3 2023) growth of 13.0% for houses and 17.5% for units. Sales volume between Q3 2022 – Q3 2023 declined by -26.0% (to 211 sales) for houses and increased by 23.8% for units (to 26 sales). An undersupply in houses …
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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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