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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 Q1 2022, Lake Macquarie recorded a median house price of $991,000, and a median unit price of $607,000. This represents annual (Q1 2021 – Q1 2022) median price growth of 27.9% for houses and 6.5% …
In Q1 2022, Wagga Wagga recorded a median house price of $630,000, and a median unit price of $361,000. This represents annual (Q1 2021 – Q1 2022) median price growth of 31.3% for houses and 57.0% fo…
In Q1 2022, Liverpool recorded a median house price of $990,000, and a median unit price of $515,000. This represents annual (Q1 2021 – Q1 2022) median price growth of 28.6% for houses and a slight s…
With housing affordability a pressing issue, regional areas became the most attractive option in 2021, with buyers capitalising on lower median property prices and utilising flexible remote working c…
In H2 2021, Tumbarumba recorded a median house price of $300,000, and a median vacant land price of $78,625. This represents annual (H2 2020 – H2 2021) median price growth of 18.8% for houses and 47.…
In Q4 2021, Ashmore recorded a median house price of $975,000, and a median unit price of $480,000. This represents annual (Q4 2020 – Q4 2021) median price growth of 42.8% for houses and 18.5% for un…
In Q4 2021, Ballarat recorded a median house price of $620,000, and a median unit price of $409,000. This represents annual (Q4 2020 – Q4 2021) median price growth of 21.6% for houses and 13.6% for u…
In Q4 2021, Casino recorded a median house price of $410,000, and a median unit price of $225,000. This represents annual (Q4 2020 – Q4 2021) median price growth of 20.9% for houses and 17.8% for uni…
In Q4 2021, Tallebudgera recorded a median house price of $1,520,000. This represents annual (Q4 2020 – Q4 2021) median price growth of 55.9% for houses. Between Q4 2020 – Q4 2021 total house sales s…
In Q4 2021, Burleigh Heads recorded a median house price of $1,450,000, and a median unit price of $812,000. This represents annual (Q4 2020 – Q4 2021) median price growth of 45.0% for houses and 30.…
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