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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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 …
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A key finding in this report was that in order to identify affordable and liveable areas, suburbs with declining annual median house or unit price growth had to be considered. This was the same metho…
In Q3 2019, Port Stephens recorded a median house price of $620,000, and a median unit price of $415,000. This represents annual (Q3 2018 – Q3 2019) median price softening of -11.3% for houses and -1…
New South Wales (NSW) recorded a home loan affordability index reading of 26.9 points, which represents a 2.3% improvement in the 12 months to the June quarter of 2019. Although this is below the Aus…
ew South Wales (NSW) continues to offer increasingly affordable opportunities in its property market, with its home loan affordability index at 28.3 points in the March quarter of 2019.
Port Stephens* recorded a median house price of $682,500 in Q1 2019, along with a median unit price of $442,000. This represents growth of 6.6% (house) and 0.5% (unit) over the previous 12 months (Q1…
Between 2017 and 2018, Sydney Metro median house prices have softened by -5.6%, whilst units have softened by -2.5%. Affordable options can be found in Sydney’s South Western suburbs.