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, Ingleburn recorded a median house price of $865,000, and a median unit price of $557,000. This represents annual (Q4 2022 – Q4 2023) median price softening of -0.6% for houses and a price growth of 7.1% for units. During this time sales increased, by 73.7% (to 450 sales) for houses and by 56.4% (to 147 sales) for units. The market in I…
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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