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 >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 >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 facets of life. How does this impact the property market for the rest of 2023 and early 2024? And is the cash rate the only issue?
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In Q1 2020, Maryborough recorded a median house price of $230,000. This represents annual (Q1 2019 – Q1 2020) median house price growth of 1.0%. Further, between Q1 2019 – Q1 2020 total house sales i…
In Q1 2020, Maryborough recorded a median house price of $230,000. This represents annual (Q1 2019 – Q1 2020) median house price growth of 1.0%. Further, between Q1 2019 – Q1 2020 total house sales i…
In Q1 2020, Hamlyn Terrace recorded a median house price of $620,000, and a median unit price of $465,000. This is an annual (Q1 2019 – Q1 2020) median price growth of 5.1% for houses and a price sof…
In Q1 2020, Port Stephens recorded a median house price of $695,000, and a median unit price of $460,000. This represents annual (Q1 2019 – Q1 2020) median price growth of 2.2% for houses and of 3.7%…
In Q1 2020, Port Stephens recorded a median house price of $695,000, and a median unit price of $460,000. This represents annual (Q1 2019 – Q1 2020) median price growth of 2.2% for houses and of 3.7%…
In Q1 2020, Mackay recorded a median house price of $335,000, and a median unit price of $230,000. This represents annual (Q1 2019 – Q1 2020) median price growth of 1.5% for houses and a softening of…
In Q1 2020, Ipswich recorded a median house price of $355,000, and median unit price of $194,000. This represents annual (Q1 2019 – Q1 2020) median price growth of 10.9% for houses and a softening of…
In Q1 2020, Hervey Bay recorded a median house price of $350,000, and median unit price of $264,000. This represents annual (Q1 2019 – Q1 2020) median price softening of -0.6% for houses and -4.0% fo…