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, Port Stephens recorded a median house price of $1,050,000, and a median unit price of $625,000. This represents annual (Q1 2023 – Q1 2024) median price growth of 5.0% for houses and 0.8% for units. Total sales increased between Q1 2023 – Q1 2024, by 10.8% (to 113 sales) for houses and by 60.4% for units (to 85 sales). Confidence is hig…
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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From the Desk of the Chief Economist
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 ec…
In Q1 2024, Port Stephens recorded a median house price of $1,050,000, and a median unit price of $625,000. This represents annual (Q1 2023 – Q1 2024) median price growth of 5.0% for houses and 0.8% …
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 t…
Australia’s economy is entering a new phase following 12 consecutive cash rate hikes since May 2022. With the cash rate currently in a ‘hold’ pattern (at 4.1%), there is a multiplier effect on all fa…
The PRD Affordable and Liveable Property Guides 2nd half 2023 are available for Brisbane, Sydney, Melbourne, Hobart, Gold Coast, and Perth. These guides provide valuable insights on property trends a…
In Q3 2023, Port Stephens recorded a median house price of $1,050,000, and a median unit price of $645,000. This is an annual (Q3 2022 – Q3 2023) -2.6% softening for houses and growth of 7.5% for uni…
The Australian rental market has reached a point of severe stress, with many referring to current conditions as the "rental crisis". This report identifies key suburbs/areas in each capital city that…
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…
In Q1 2023, Port Stephens* recorded a median house price of $1,050,000, and a median unit price of $666,000. This represents annual (Q1 2022 – Q1 2023) growth of 4.4% for houses and a softening of -0…