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 >The Albury commercial market report focuses commercial & industrial properties and analysing their sales and leasing activity over the past 18 months, with data up to an including April 2023. This re…
In Q1 2023, Mildura recorded a median house price of $432,000, and a median unit price of $302,500. This represents annual (Q1 2022 – Q1 2023) median minor price softening of -1.5% for houses and a p…
In Q1 2023, Kogarah recorded a median house price of $1,530,000, and a median unit price of $646,000. This represents annual (Q1 2022 – Q1 2023) median price softening of -7.3% for houses and -1.4% f…
In Q1 2023, Oatley recorded a median house price of $1,700,000, and a median unit price of $580,000. This represents annual (Q1 2022 – Q1 2023) median price softening of -6.9% for houses and a price …
In Q1 2023, Tannum Sands recorded a median house price of $455,000, and a median unit price of $277,000. This represents annual (Q1 2022 – Q1 2023) median price growth of 5.8% for houses and -7.7% so…
In Q1 2023, Wagga Wagga recorded a median house price of $569,500, and a median unit price of $337,500. This represents annual (Q1 2022 – Q1 2023) median price growth of 10.3% for houses and 8.5% for…
In Q1 2023, Lake Macquarie recorded a median house price of $970,000, and a median unit price of $672,000. This represents annual (Q1 2022 – Q1 2023) median price softening of -3.0% for houses and 9.…
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…
In Q4 2022, Upper Hunter recorded a median house price of $491,000 and a median unit price of $340,000. This represents annual (Q4 2021 – Q4 2022) median price growth of 15.5% for houses and 30.3% fo…
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…
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