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 >In Q1 2024, Dapto recorded a median house price of $821,500, and a median unit price of $645,000. This represents annual (Q1 2023 – Q1 2024) median price growth of 2.7% for houses and 4.9% for units. During this time total sales increased, by 38.1% (to 145 sales) for houses and by (70.6%) for units to 29 sales. Confidence has returned to Dapto, wi…
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…
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The Tamworth property market has been galloping into growth over the past 12 months with a rise in median house prices of 6.3%.
Brisbane property market is growing at a high rate, with some suburbs recording 30+% annual growth in median price between 2013-2014. What can we expect for 2015?
Port Stephens is in the midst of recover and is seeing continual demand thanks to its mix of lifestyle, affordability and connectivity.
The Maroubra property market has remained competitive throughout 2014 as it continues to offer an affordable alternative to neighbouring beachside suburbs.
Lake Macquarie is currently experiencing stable market conditions with median house values rising by 3.2% over the past 12 months.
The Junee market is currently in a stable condition thanks to a diverse economy and continual demand.
The Panania housing market has been performing strongly for over 5 years with an average annual rise in median price of over 9%.
Canberras market is in a period of subdued activity however there is a number of large scale projects planned which should help fuel property price growth moving forward.
The Newcastle property market continues to mature thanks to a strong development pipeline and continual demand.
The following are economic and property market indicators for NSW.