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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 markets, moving in different directions and speeds.
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The PRD First Home Buyers’ Guide 2022 is designed to help you quickly understand what is on offer to first home buyers in Australia.
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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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In Q4 2023, Toowoomba recorded a median house price of $605,000, and a median unit price of $405,000. This represents annual (Q4 2022 – Q4 2023) growth of 12.0% for houses and 4.5% for units. On a quarterly basis, median prices remained stable for houses and grew by 2.5% for units. During this time sales decreased for houses, by -2.5% (to 700 sale…
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Introduction Smaller size rural lots have proven to be a popular choice for buyers from both city and country areas. City residents often seek a weekend retreat, normally within two to two and a half…
Area Characteristics Randwick is a coastal LGA located approximately seven kilometres south of the Sydney CBD and bounded by the Pacific Ocean and Botany Bay. The LGA has been an increasingly popular…
Local Area Characteristics The River City Also known as the River City, the Brisbane Local Government Area (LGA) boasts the largest population for any LGA within Australia. This large population has …
Area Characteristics The Port Stephens LGA is located 150 kilometres northeast of Sydney and 38 kilometres northeast of Newcastle, in the Hunter Region of NSW. A popular tourist destination the regio…
The following Property Watch is the result of an investigation into the house, unit and vacant land market comprising suburbs within the Burleigh Heads Area as depicted in the map to the right. The p…
For the purposes of this report, the Northern Cairns Area encompasses the suburbs highlighted orange in the map within the report. This area stretches from Kewarra Beach in the north and Redlynch in …
Overview The Sunshine Coast is located in South East Queensland roughly one hours drive north of Brisbane, the Queensland state capital. The presiding local government authority for the region is the…
Scope The following Property Watch investigates the house and unit markets comprising the Townsville and Northern Beaches Area. This report highlights trends influencing these property markets and th…
Overview The Gladstone Highlight Report analyses the performance of residential real estate within the Gladstone Regional Council and its various markets. As highlighted in the map to the left, the G…
Overview As the debate on the affordability of residential property continues, PRD Research has analysed the affordable sub $500,000 market within Brisbane over the past five years. Noticeably over t…
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