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 >In Q1 2024, Kogarah recorded a median house price of $1,627,500, and a median unit price of $700,000. This represents annual (Q1 2023 – Q1 2024) median price growth of 8.5% for houses and minor price softening of -1.2% for units. Sales decreased between Q1 2023 – Q1 2024, by -5.2% (to 73 sales) for houses and -11.6% for units (to 228 sales). Confi…
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 recent release of PRD’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 g…
Between 2016 to 2017/18, Sydney Metro median house prices experienced a gentle growth of 0.8%, whilst units softened by -2.4%. This is reflective of a pivot in the metro unit market and a response to…
Kogarah recorded a median house price of $1,233,750 and $670,000 for units in Q1 2018, which represents an annual price change of -11.2% and -0.7% respectively. House prices in the Georges River Loca…
The Kogarah property market witnessed a record-setting median house price of $1,458,500 and $683,900 for units in Q3 2017, resulting in exceptional double digit annual growth figures of 12.8% and 10.…
The Kogarah property market has witnessed exceptional performance over the past 12 months to Q1 2017 with strong demand for housing spurring exceptional annual price growth.
The PRD ‘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, Vict…
PRD, 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 …
The results are in: Australia’s home loan affordability has improved by 4.4% over the past 12months, at 32.9 index points in March 2017. The Northern Territory leads the way with 10.2% improved affor…
PRD’s Australian Economic and Property Report 2017 is a comprehensive and important resource for those wanting to keep up to date on evolving key economic and property market trends.