Penrith Property Market Update 1st Half 2023
In Q1 2023, Penrith* recorded a median price of $872,500 for houses and $515,000 for units. This is an annual (Q1 2022 – Q1 2023) decline of -6.9% for houses and -8.0% for units. That said, on a quar…
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Affordable & Liveable Property Guides 1st Half 2023
The PRD Affordable and Liveable Property Guides 1st Half 2023 are available for Brisbane, Sydney, Melbourne, Hobart, Gold Coast, Perth and Adelaide. These guides provide valuable insights on property…
From the Desk of the Chief Economist- Federal Budget 2023 and RBA May Statement of Monetary Policy: What's Next for Australia?
On Friday 5th May the Reserve Bank of Australia handed down its May Statement of Monetary Policy 2023, discussing the state of the economy after 11 cash rate hikes. This is followed by the Federal G…
Roaring Regions - Top 10 Affordable Regional Areas 2023
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…
Alternative Solutions: Solving the Housing Supply Issue
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…
Penrith Property Market Update 2nd Half of 2022
In Q3 2022, Penrith recorded a median house price of $873,500. This is an annual (Q3 2021 – Q3 2022) 2.8% median house price growth. That said, on a quarter-to-quarter basis (Q2 2022 – Q3 2022), medi…
Affordable & Liveable Property Guides 2nd Half 2022
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…
Renewable Energy and the Property Market Report
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…
To what extent will the 2032 Brisbane Olympics contribute to our housing supply?
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…
Australian Economic and Property Report 2022
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…
