Stage 3 Tax Cuts: Will It Allow Greater Access to the Property Market?
June 27, 2024, midnightFrom the Desk of the Chief Economist
Continue reading >Your home for the latest property insights
From the Desk of the Chief Economist
Continue reading >The PRD Affordable and Liveable Property Guides 1st Half 2024 are available for Brisbane, Sydney, Melbourne, and Hobart. These guides provide valuable insights into property trends and how current economic conditions (including higher interest rates) have impacted the market, as well as future developments for 2024. For those looking for more affo…
Continue reading >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…
Continue reading >In Q4 2023, Ballarat recorded a median house price of $555,000, and a median unit price of $385,000. This represents annual (Q4 2022 – Q4 2023) softening of -0.9% for houses and -4.9% for units. On a quarterly basis (Q3 2023 – Q4 2023), median house price softened at a lower rate, of -0.5%, while units saw a 6.6% growth. Cash rate hikes did impact…
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In Q4 2022, Ballarat recorded a median house price of $551,250, and a median unit price of $400,000. This represents annual (Q4 2021 – Q4 2022) median price softening of -3.7% for houses and growth o…
In Q2 2022, Ballarat, which in this report represents postcodes 3350,3356 & 3355; recorded a median house price of $600,000, and a median unit price of $395,000. This represents annual (Q2 2021 – Q2 …
In Q4 2021, Ballarat recorded a median house price of $620,000, and a median unit price of $409,000. This represents annual (Q4 2020 – Q4 2021) median price growth of 21.6% for houses and 13.6% for u…