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, 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…
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 ‘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 available at the various S…
In Q3 2020, the Mildura area recorded a median house price of $330,000 and a vacant land median price of $130,000. This represents annual (Q3 2019 – Q3 2020) median price growth of 6.2% for house and…
Median property prices in Melbourne Metro increased by 1.5% for houses to $990,000 from 2019 to 20201 and increased by 2.2% to $610,000 for units during the same period. Although this level of growth…
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…
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…
In Q1 2020, Mildura recorded a median house price of $311,000, and vacant land median price of $165,000. This represents annual (Q1 2019 – Q1 2020) median price growth of 2.0% for houses and 16.2% fo…
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…
Melbourne Metro median property prices have softened in view of COVID-19, creating an opportune time for first home buyers wanting to capitalise on a more affordable market.
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…