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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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From the Desk of the Chief Economist
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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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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…
Continue reading >The PRD Property Search showcases property for sale and rent right across Australia. Find the latest homes for sale and search for Australian Real Estate.
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Visit >In Q4 2023, Hunter Valley recorded a median house price of $700,000 and a median unit price of $561,000. This represents annual (Q4 2022 – Q4 2023) growth of 2.4% for houses and 13.3% for units. Duri…
In Q4 2023, Southport recorded a median house price of $1,062,500, and a median unit price of $585,000. This represents annual (Q4 2022 – Q4 2023) growth of 19.4% (houses) and 6.4% (units). During th…
In Q4 2023, Ashmore a median house price of $1,001,500, and a median unit price of $627,500. This represents annual (Q4 2022 – Q4 2023) growth of 13.2% for houses and 19.9% for units. On a quarterly …
In Q4 2023, Albury recorded a median house price of $590,000, and a median land price of $260,000. This represents annual (Q4 2022 – Q4 2023) growth of 2.6% for houses and 18.2% for land. On a quarte…
In Q3 2023, Dapto recorded a median house price of $770,000, and a median unit price of $629,000. This represents annual (Q3 2022 – Q3 2023) softening of -4.3% for houses and -7.9% for units. Total s…
In Q3 2023, Oatley recorded a median house price of $1,600,000, and a median unit price of $741,000. This represents annual (Q3 2022 – Q3 2023) softening of -8.6% for houses and -5.0% for units. Tota…
In Q3 2023, Maroubra recorded a median house price of $2,623,000, and a median unit price of $890,000. This represents annual (Q3 2022 – Q3 2023) growth of 8.2% for houses and stability for units. To…
In Q3 2023, Panania recorded a median house price of $1,330,000, and a median unit price of $1,015,000. This is annual (Q3 2022 – Q3 2023) growth of 6.4% for houses and 18% for units. Sales increased…
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…
In Q3 2023, Beverly Hills recorded a median house price of $1,427,500, and a median unit price of $600,000. This is annual (Q3 2022 – Q3 2023) growth of 5.2% for houses and 5.7% for units. Sales decr…
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