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May 13, 2020, 1:45 a.m.
Top 12 Resilient Regional Areas
The Australian property market is made up of many ‘micro markets’, each performing at its own individual pace dependent upon demographics, population growth, economic structure and fundamentals, and Local/State Government policies. Regional property markets tend to be more resilient compared to their capital city counterparts due to being slightly more insulated from economic shocks, and many Local/State Governments prioritising regional areas growth over the past five years.
April 6, 2020, 1:46 a.m.
Strong Fiscal Policy in Place for Australia to Ride Out COVID-19
COVID-19 is, without a doubt, a disruption and game-changer at the same time. There are many uncertainties at present, and quite a few “doom and gloom” stories on a collapsing economy and being on the brink of a recession. There is no denying that many Australian small businesses and individuals are experiencing the brunt of it, from loss of income to having to close their businesses.
March 30, 2020, 6:22 a.m.
A Home… Or Smashed Avocado On Toast?
The perceived trend of millennials prioritising lifestyle experiences (such as buying smashed avocado on toast), over home ownership aspirations prompted a deeper look into this claim.
March 17, 2020, 12:38 a.m.
Australian Bushfires | The Real Estate Perspective
PRD’s latest research report ‘Australia Bushfires | The Real Estate Perspective’ shines a light on the silver lining to the devastating impact many Australian communities have experienced.
Nov. 27, 2019, 5 a.m.
Affordable & Liveable Property Guide 2nd Half 2019 - Sydney
A key finding in this report was that in order to identify affordable and liveable areas, suburbs with declining annual median house or unit price growth had to be considered. This was the same methodology applied in the 1st Half 2019¥ report. Therefore, instead of showcasing only suburbs with price growth (which was the trend in 2nd Half 2018µ report), it continued to be an exercise in minimising the decline in capital growth. This is good news for first home buyers because chosen affordable and liveable suburbs are now even more affordable.
Nov. 21, 2019, 12:55 a.m.
Tuggerah Property Market Update 2nd Half of 2019
In Q3 2019, Hamlyn Terrace recorded a median house price of $587,000, and a median unit price of $430,000. This represents annual (Q3 2018 – Q3 2019) median price softening of -3.1% for houses and -5.5% for units. At the same time total house sales slowed, by -2.8% for houses (to 451 sales), while units increased by 21.3% (to 97 sales). A more affordable and slower house market suggests now is a good time to transact, benefitting both buyers and sellers.
Nov. 18, 2019, 4:17 a.m.
Morisset Property Market Update 2nd Half of 2019
In Q3 2019, Morisset recorded a median house price of $550,000, and a median unit price of $375,000. This represents annual (Q3 2018 – Q3 2019) median price growth of 2.8% for houses and a price softening of -8.8% for units. At the same time, total sales in both markets slowed for Q3 2019, down by -4.0% for houses to 96 sales and by -71.4% for units to 2 sales. With less competition in the market now is the time for buyers to act.
Nov. 11, 2019, 6:11 a.m.
Q4 2019 Key Market Indicators – New South Wales
New South Wales (NSW) recorded a home loan affordability index reading of 26.9 points, which represents a 2.3% improvement in the 12 months to the June quarter of 2019. Although this is below the Australian average growth of 3.5% during the same period, it is above traditionally affordable states such as Queensland (QLD), South Australia, and Tasmania (TAS)
Sept. 3, 2019, 4:56 a.m.
Metro Strata Report 2019
With the state of residential strata development currently a hot topic nationally, it is important to gain an overall understanding of each Capital City Metro market’s development pipeline. The PRDnationwide Strata Development Pipeline Capital City Metro Areas September 2019 aims to provide a high-level view of total, proceeding, and deferred/abandoned strata developments, both in terms of number of projects and number of units/apartments planned for the market, between 2018-2020.
Aug. 28, 2019, 6:33 a.m.
Q3 2019 Key Market Indicators – New South Wales
ew South Wales (NSW) continues to offer increasingly affordable opportunities in its property market, with its home loan affordability index at 28.3 points in the March quarter of 2019.