Different Markets. Different Gears: Australian Economic and Property Report 2024
Aug. 5, 2024, 4:25 p.m.
PRD’s latest findings reveal every real estate market around Australia is in its own gear speed. Many markets saw a price recovery due to a stable cash rate since November 2023. However, economic conditions and the ‘cost-of-living crisis’ have dampened savings, and a stable cash rate has created “sticky” buyers (those who are in the market but not…
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Stage 3 Tax Cuts: Will It Allow Greater Access to the Property Market?
June 27, 2024, midnight
From the Desk of the Chief Economist
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Affordable and Liveable Property Guides 1st Half 2024
June 5, 2024, 5:23 p.m.
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…
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Mildura Property Market Update 1st Half of 2024
May 3, 2024, 3:16 p.m.
In Q1 2024, Mildura recorded a median house price of $468,500, and a median unit price of $312,500. This represents annual (Q1 2023 – Q1 2024) growth of 8.4% for houses and 2.5% for units. During this time house sales decreased, by -25.7% (to 127 sales), however, unit sales increased by 23.3% (to 37 sales). There is a high demand for both property…
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