Stage 3 Tax Cuts: Will It Allow Greater Access to the Property Market?
June 27, 2024, midnightFrom the Desk of the Chief Economist
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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, Broome recorded a median house price of $685,000, and a median unit price of $390,000. This represents annual (Q4 2022 – Q4 2023) growth of 3.0% for houses and a minor softening of -2.5% for units. Total sales declined during this time, by -13.3% (to 65 sales) for houses and by -8.0% for units (to 23 sales). There is an undersupply of …
Continue reading >Australia’s property market exceeded all expectations in 2020 and in the first half of 2021. The ‘doom and gloom’ and ‘market crash’ predictions did not eventuate, in fact, the op…
Visit >The ‘PRD First Home Buyers’ Guide 2021’ is designed to help you quickly understand what is on offer to first home buyers around Australia. With so many programs and grants avail…
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The beginning of 2023 has marked an uncertain time for property buyers, with many monitoring cash rate movements and its impact on the housing market. The Reserve Bank of Australia (RBA) increased th…
The reality of owning a house has decreased for many Australian households due to lower affordability and low supply. According to the Australian Bureau of Statistics, dwelling approvals have declin…
The PRD Affordable and Liveable Property Guides 2nd Half 2022 are available for Brisbane, Sydney, Melbourne, and Hobart. These guides provide valuable insights of the market and report on many key in…
Australia plans to become a net zero emissions country by 2050. If achieved, we will become a leading nation in sustainability and renewable energy. To what extent does the addition of renewable ener…
One year has passed since the announcement of Brisbane's successful bid to host the 2032 Olympic Games. In conjunction with the announcement, master plans and developments have been detailed in State…
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 m…
The PRD First Home Buyers’ Guide 2022 is designed to help you quickly understand what is on offer to first home buyers in Australia.
The PRD Affordable and Liveable Property Guides 1st Half 2022 are available for Brisbane, Sydney, Melbourne, Hobart and Gold Coast. These guides provide valuable insights and highlights of the proper…
In Q4 2021, Broome, which for this report represents the suburbs of Broome, Cable Beach, Bilingurr, and Djugun, had a median house price of $649,000, and a median unit price of $348,500. This represe…
With housing affordability a pressing issue, regional areas became the most attractive option in 2021, with buyers capitalising on lower median property prices and utilising flexible remote working c…