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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Confidence has returned to Bexley North, with properties in high demand. Houses suggest real returns on investment, making now a good time to enter the market.
Confidence has returned to Bexley North, with properties in high demand. Houses suggest real returns on investment, making now a good time to enter the market.
Despite lower volumes, house capital growth has gone from strength to strength; and there is real capital growth in the unit market. Now is a good time to own property in Kingsgrove.
Despite lower volumes, house capital growth has gone from strength to strength; and there is real capital growth in the unit market. Now is a good time to own property in Kingsgrove.
The PRD Affordable and Liveable Property Guides 1st Half 2020 are available for Brisbane, Sydney, Melbourne and Hobart. These guides provide valuable insights and highlights of the market and report …
Median property prices in Sydney Metro increased by 1.3% for houses to $1,355,000 from 2018 to 2019/20(1) and remained steady for units at $796,500. By comparison, from 2017 to 2018 the median house …
Melbourne Metro median property prices have softened in view of COVID-19, creating an opportune time for first home buyers wanting to capitalise on a more affordable market.
Hobart Metro’s median price growth has shown improvement, showing the market is moving from strength to strength. Sustainable population growth remains a challenge due to continued new dwelling suppl…
The Brisbane Metro property market has shown resilience throughout these unprecedented times of COVID-19. From 2018 to 2019/20(1) the number of houses sold in Brisbane Metro increased by 20.9%, and m…
PRD Penrith Property Market Update 1st Half of 2020 In Q1 2020, Penrith recorded a median house price of $700,000, and a median unit price of $480,000. This represents annual (Q1 2019 – Q1 2020) medi…