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More Videos by PRDnationwide
Aug. 27, 2018, 6:51 a.m.
Q3 2018 Key Market Indicators – Victoria
Property prices in regional Victoria (VIC) increased by 6.5% over the past 12 months to the 1st half of 2018, as recorded in the PRDnationwide Australia Economic and Property Report 2018. The same report indicated a -1.6% and -0.5% decline in property prices in VIC’s capital city and metro areas respectively. Overall the combination of the above price movements has resulted in positive property price growth.
July 23, 2018, 6:53 a.m.
Australian Economic Property Report 2018
The recent release of PRDnationwide’s ‘2018 Australian Economic and Property Report’ and Capital City ‘Affordable & Liveable Property Guides 1st Half 2018’ signals a significant change in the property market generally and particularly within the housing affordability landscape. The set of reports provides an overview of the key economic drivers and their impact on the property market, assisting home buyers and investors in making fact based property decisions.
July 23, 2018, 5:50 a.m.
Melbourne - Affordable & Liveable Property Guide 1st Half 2018
The Melbourne City Local Government Area median house prices experienced a 1.3% growth and unit median prices grew by 7.9% from 2016 to 2017/2018*. The majority (79.5%) of suburbs in greater Melbourne experienced double digit price growth, whereas 16.8% experienced single digit growth and only 3.7% had negative growth. This points to the wide scale decline in affordability across greater Melbourne. Property buyers will be pleased by the existence of affordable options in the midst of continued price growth, across suburbs in the north-west for houses and south for units. At the same time, rental prices in the LGA have trended upwards for houses whilst remaining stable for units. Table 1. Melbourne’s top performing suburbs in the 1st half of 2018
July 13, 2018, 12:20 a.m.
Werribee Property Factsheet 1st Half 2018
The Werribee property market is set to perform exceedingly in 2018 and now is the time for keen buyers and sellers to transact in the market. Werribee recorded a median house price of $500,500 and $390,000 for units in Q1 2018, which represents an annual (Q1 2017-Q1 2018) price change of 18.2% and 23.8% respectively.
May 28, 2018, 4:45 a.m.
Q2 2018 Key Market Indicators – Victoria
It was a clean sweep for Victoria, taking out 4 gold awards nationally, 2 silver and 1 bronze in the PRDnationwide Q2 2018 Key Market Indicator Awards. Property prices in Melbourne have increased exponentially over the past 12 months, as investment interests shifted from Sydney’s unaffordable landscape. It is no surprise that VIC’s home loan affordability index has decreased by -0.7% over the past 12 months to the December quarter of 2017, which is in contrast to Australia’s positive growth of 0.3%. VIC’s home loan affordability was 29.9 index points in the December quarter of 2017, which is still slightly higher than NSW’s 26.5 index points.
May 14, 2018, 12:23 a.m.
Ready, Set, Go Regional 2018
The PRDnationwide ‘Ready, Set, GO Regional 2018’ report is a timely ‘go to’ guide for home buyers and investors on affordable options in regional areas. The report highlights regional areas in Queensland, Victoria, New South Wales and Tasmania that not only highlight house price affordability, but also show promising growth indicators for local jobs and a sustainable economic future.
March 18, 2018, 11:23 p.m.
Your Green Guide – Residential Real Estate 2018
PRDnationwide, through the Australia Research Council Linkage project funded by the Australian Federal Government, is proud to release Your Green Guide - Residential Real Estate 2018 and an accompanying Green House Scorecard. This work is a culmination of 3 years of research, in collaboration with Queensland University of Technology (QUT), Karlsruhe Institute of Technology Germany, and other key industry partners.
March 6, 2018, 12:21 p.m.
Q1 2018 Key Market Indicators – Victoria
Victoria has emerged as the state with the highest number of first home buyer loans for September quarter 2017, at 8,786 loans. This is higher than New South Wales (6,775 loans) and Queensland (6,271 loans), which suggests effective first home buyer related policies are in place. Although not the most improved, Victoria has reported a 33.0% improvement over the past 12 months. This is encouraging for first home buyers as there has been concerns of increasing unaffordability, especially in Melbourne.
March 6, 2018, 6:52 a.m.
Q1 2018 Key Market Indicators – Queensland
The number of first home buyer loans in Queensland as of September quarter 2017 is 6,271 loans, making it the 3rd highest number of first home buyer loans across the country, after Victoria (8,786 loans) and New South Wales (6,775 loans). This is an interesting and unexpected result for QLD, considering that the state has been known for more affordable property prices in comparison to Victoria and New South Wales – suggesting that improvements related to first home buyers policies are needed.
Dec. 14, 2017, 6:10 a.m.
Werribee Research Factsheet 2nd Half 2017
Market conditions in Werribee have performed exceptionally well over the past 12 months, recording a median price of $480,000 for house and $377,500 for units in Q3 2017. This represents impressive double digit annual price change of 21.5% and 30.2% for houses and units respectively. Over the same period of time house prices in Wyndham LGA grew by 16.7% to $525,000 and unit prices grew by 24.2% to $385,000. This indicates that Werribee is growing at an even faster rate, while uniquely offering a more affordable price entry point for those wanting to enter the market.