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Nov. 25, 2020, 6:49 a.m.
Affordable & Liveable Property Guide 2nd Half 2020 - Brisbane
Median property prices in Brisbane Metro increased by 4.3% for houses to $678,000 from 2019 to 20201 and softened by -1.1% to $435,000 for units during the same period. Limited stock and high demand have supported median price growth for houses, showing resilience throughout COVID-19. A softer median unit price is expected, particularly due to the leftover oversupply from late 2016 to 2017.
Oct. 21, 2020, 4:26 a.m.
Shared Living Preferences Of Older Australians
Living alone is a significant contributor to general loneliness, particularly in the older community as it becomes more difficult to maintain a social circle. It is recognised that one in four Australians are lonely; especially widowed, divorced, or single individuals (APS, 2018).
Sept. 9, 2020, 12:15 a.m.
First Home Buyers' Guide 2020
The PRD First Home Buyers’ Guide is designed to help you quickly understand what is on offer to first home buyers around Australia. With so many programs and grants available at the various State and Federal Government levels, it can be difficult to know where to turn to learn what is relevant to your personal situation. This guide helps you do just that.
Sept. 4, 2020, 1:31 a.m.
Toowoomba Property Update 2nd Half of 2020
Toowoomba recorded a median house price of $390,000 and a median unit price of $303,000 in Q2 2020. Annual (Q2 2019 – Q2 2020) median house price softened by -2.5%, however median unit price grew by 9.7%. In Q2 2019 - Q2 2020 total sales declined, by -9.3% for house (to 456 sales) and by -28.0% for units (to 72 sales). A decline in demand was expected due to COVID-19. However, a slight cooling in median house price and an increase for units indicates a resilient market. With a slightly more affordable house market and less competition, now is an ideal time to enter the market.
Sept. 4, 2020, 1:23 a.m.
Toowoomba Property Update 1st Half 2020
Toowoomba recorded a median house price of $398,000 and a median unit price of $275,000 in Q4 2019. This represents annual (Q4 2018 – Q4 2019) median price growth of 0.5% for houses and a softening of -8.3% for units. Between Q4 2018 – Q4 2019 total sales declined, by -9.2% for houses (to 524 sales) and by -10.6% for units (to 110 sales). There is potential undersupply in the house market, as less sales are returning capital growth. Now is an ideal time for first home buyers as there is less competition in the market.
July 29, 2020, 4:03 a.m.
Australia Economic and Property Report 2020
Australia’s property market has managed to hold its value despite the doom and gloom predictions of what the COVID-19 shutdown would do to property prices. The latest PRD research report, ‘PRD Australian Economic and Property Report 2020’, reveals that on average, median house prices grew in capital city, metropolitan and regional markets in the 12 months to the first half of 2020.
June 24, 2020, 4:13 a.m.
Affordable & Liveable Property Guide 1st Half 2020 - Brisbane
The Brisbane Metro property market has shown resilience throughout these unprecedented times of COVID-19. From 2018 to 2019/20(1) the number of houses sold in Brisbane Metro increased by 20.9%, and median house prices grew by 1.5%, to $690,000. The number of units sold increased by 13.9%, however the median unit price softened by -1.5% to $450,000. These patterns are similar to Sydney and Melbourne, which also recorded a decline in median unit prices.
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.