Your trusted source for the latest property insights across Australia.
The PRD Affordable and Liveable Property Guides 2nd half 2024 are available for Brisbane, Sydney, Melbourne, and Hobart. These guides provide valuable insights on property trends and how current economic conditions (including higher interest rates) have impacted the market, as well as the planned housing supply for 2024 onwards. For those looking …
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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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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 Q2 2023 Albury recorded a median house price of $547,000, representing an annual (Q2 2022 – Q2 2023) 2.2% growth. That said, on a quarterly basis (Q1 2023 – Q2 2023), this represents a relatively …
In Q2 2023 Wodonga recorded a median house price of $559,000, an annual (Q2 2022 – Q2 2023) 3.6% growth. That said, on a quarterly basis (Q1 2023 – Q2 2023), median house price softened by -0.4%. The…
In Q2 2023, Bendigo recorded a median house price of $595,000, and a median unit price of $420,000. This represents price stability in the past 12 months to Q2 2023 for houses and -4.8% softening uni…
In Q1 2023, Goonellabah* recorded a median house price of $621,250, and a median unit price of $573,000. This represents annual (Q1 2022 Q1 2023) softening of 15.0% for houses and a minor growth of 0…
In Q2 2023, Casino recorded a median house price of $417,750. This is an annual (Q2 2022 – Q2 2023) -6.1% median price softening. That said, on a quarterly basis (Q1 2023 – Q2 2023), median house pri…
In Q2 2023 Kyogle* recorded a median house price of $530,000 , representing a 3.1% annual softening (Q2 2022 Q2 2023). That said, on a quarterly basis (Q1 Q2 2023) median house price grew at a signif…
In Q2 2023, Ashmore recorded a median house price of $900,000. This is an annual (Q2 2022 – Q2 2023) -10.9% softening, after a $1,010,500 peak at in Q2 2022. That said, on a quarterly basis (Q1 2023 …
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…
In Q1 2023, Panania recorded a median house price of $1,207,500, and a median unit price of $855,000. This represents annual (Q1 2022 – Q1 2023) median price softening of -10.6% for houses and a pric…
In Q1 2023, Tamworth recorded a median house price of $480,000, and a median unit price of $320,000. This represents 9.1% annual (Q1 2022 – Q1 2023) median price growth for houses and -1.5% price sof…
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