Your home for the latest property insights.
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…
Continue reading >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 …
Continue reading >
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?
Continue reading >
The PRD Affordable and Liveable Property Guides 2nd half 2023 are available for Brisbane, Sydney, Melbourne, Hobart, Gold Coast, and Perth. These guides provide valuable insights on property trends and how current economic conditions (including cash rate hikes) have impacted the market, as well as future developments for the next 6 months. For tho…
Continue reading >Create an account with PRD and access our full research archive and receive the latest reports directly to your email
The beginning of 2023 has marked an uncertain time for property buyers, with many monitoring cash rate movements and its impact on the housing market. The Reserve Bank of Australia (RBA) increased th…
The reality of owning a house has decreased for many Australian households due to lower affordability and low supply. According to the Australian Bureau of Statistics, dwelling approvals have declin…
The PRD Affordable and Liveable Property Guides 2nd Half 2022 are available for Brisbane, Sydney, Melbourne, and Hobart. These guides provide valuable insights of the market and report on many key in…
Australia plans to become a net zero emissions country by 2050. If achieved, we will become a leading nation in sustainability and renewable energy. To what extent does the addition of renewable ener…
One year has passed since the announcement of Brisbane's successful bid to host the 2032 Olympic Games. In conjunction with the announcement, master plans and developments have been detailed in State…
Australia’s property market has proven to be quite unpredictable in the past 24 months. ‘Doom and gloom’ were predicted throughout COVID-19, yet the market flourished. Now, 2022 sees markets within m…
In June 2022, PRD Tamworth held an investor information evening for our Tamworth community on how to Capitalise on Opportunity in a Changing Property Market. 100% of the proceeds from the night were…
The PRD First Home Buyers’ Guide 2022 is designed to help you quickly understand what is on offer to first home buyers in Australia.
Connect with us
