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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 26, 2020, 6:06 a.m.
Tumut Property Report 1st Half of 2020
In Q4 2019, Tumut recorded a median house price of $295,000, and a median vacant land price of $131,000. This represents annual (Q4 2018 – Q4 2019) median price growth of 31.1% for houses and 27.8% for vacant land. Despite a recent slowdown in the number of sales, to 51 for houses and 7 for vacant land in Q4 2019, overall 2019 saw the highest number of recorded transactions in over 17 years in Tumut. Now is the time to transact, as there is less competition for buyers and proven capital growth for home owners.
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. 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)
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.
Aug. 23, 2019, 6:56 a.m.
PRD Tumut Property Market Update 2nd Half of 2019
In Q2 2019, Tumut recorded a median house price of $279,000, and a median vacant land price of $135,000. This represents annual (Q2 2018 – Q2 2019) median price growth of 8.3% for houses and 12.5% for vacant land. At the same time, total sales slowed for Q2 2019, by -16.3% for houses (to 67 sales) and by -45.5% for vacant land (to 12 sales). Increasing property values and less competition in Tumut creates an ideal environment for buyers to act.
June 27, 2019, 6:34 a.m.
Sydney - Affordable & Liveable Property Guide 1st Half 2019
Between 2017 and 2018, Sydney Metro median house prices have softened by -5.6%, whilst units have softened by -2.5%. Affordable options can be found in Sydney’s South Western suburbs.
May 20, 2019, 6:37 a.m.
Q2 2019 Key Market Indicators – New South Wales
May 20, 2019, 4:43 a.m.
Q2 2019 Key Market Indicators
Australian consumer sentiment read 100.7 index points in April 2019, exactly on the positive line of 100 index points, indicating that in general, Australians have a positive yet cautious outlook on the economy. This is interesting as the current consumer sentiment is on a -1.7% decline compared to 12 months ago (April 2018), which does not come as a surprise given past events such as: the Royal Banking Commission’s enquiry into the banking and financial sector, the handing down of the Federal Budget 2019, and the announcement of the 18 May 2019 Federal elections.