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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of $750,000. This represents annual (Q4 2019 – Q4 2020) median price growth of 6.7% for houses and In Q4 2020, Macquarie Park recorded a median house price of $1,800,000, and a median unit price a pr…
Median property prices in Sydney Metro increased by 7.2% for houses to $1,630,000 from 2019 to 20201 and increased by 3.2% to $795,000 for units during the same period. By comparison, from 2018 to 20…
Living alone is a significant contributor to general loneliness, particularly in the older community as it becomes more difficult to maintain a social circle. It is recognised that one in four Austra…
In Q2 2020, Macquarie Park recorded a median house price of $1,610,000, and a median unit price of $836,000. This represents annual (Q2 2019 – Q2 2020) median price growth of 11.8% for houses and 19.…
The PRD First Home Buyers’ Guide is designed to help you quickly understand what is on offer to first home buyers around Australia. With so many programs and grants available at the various State a…
Australia’s property market has managed to hold its value despite the doom and gloom predictions of what the COVID-19 shutdown would do to property prices. The latest PRD research report, ‘PRD Austra…
In Q4 2019, Macquarie Park* recorded a median house price of $1,685,000, and a median unit price of $865,000. This represents annual (Q4 2018 – Q4 2019) median price growth of 17.8% for houses and of…
Median property prices in Sydney Metro increased by 1.3% for houses to $1,355,000 from 2018 to 2019/20(1) and remained steady for units at $796,500. By comparison, from 2017 to 2018 the median house …
The Australian property market is made up of many ‘micro markets’, each performing at its own individual pace dependent upon demographics, population growth, economic structure and fundamentals, and …
COVID-19 is, without a doubt, a disruption and game-changer at the same time. There are many uncertainties at present, and quite a few “doom and gloom” stories on a collapsing economy and being on th…