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, Macquarie Park saw a median house price of $2,490,000, and a median unit price of $820,000. This represents annual (Q4 2022 – Q4 2023) median price growth of 13.2% for houses and a minor price softening of -0.9% for units. Total sales increased between Q4 2022 – Q4 2023, by 38.3% (to 206 sales) for houses and by 60.6% for units (to 477…
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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…
In Q4 2022, Macquarie Park recorded a median house price of $2,210,000 and a median unit price of $770,000. This represents annual (Q4 2021 – Q4 2022) median price softening of -9.9% for houses and -…
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…
In Q2 2022, Macquarie Park recorded a median house price of $2,275,000 and a median unit price of $798,000. This represents annual (Q2 2021 – Q2 2022) median price growth of 8.3% for houses and a pri…
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…