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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Penrith* recorded a median house price of $645,000 in Q1 2019, and a median unit price of $455,000. This resulted in annual (Q1 2018 – Q1 2019) growth of -7.9% for houses and -13.3% for units. Compar…
Hervey Bay, which for this research factsheet is represented by all suburbs in the postcode 4655, recorded a median house price of $363,000 and $270,000 for units in Q1 2019. These figures represente…
Over the past 12 months (Q1 2018 – Q1 2019) the Maryborough property market recorded a median house price of $193,000 in Q1 2019, which represented a capital growth of 1.6%. When compared to the Mary…
Over the past 12 months (Q1 2018 – Q1 2019) the Maryborough property market recorded a median house price of $193,000 in Q1 2019, which represented a capital growth of 1.6%. When compared to the Mary…
Kogarah market recorded a median house price of $1,155,000 and median unit price of $637,500 in Q1 2019, which represented an annual (Q1 2018-Q1 2019) softening of -8.0% for houses and -5.9% for unit…
Between 2014-2015, residential projects dominated project development in Perth. In 2017-2018 there has been a move to focus on infrastructure projects, suggesting that the local government recognised…
In Q2 2019, Whitsundays recorded a median house price of $475,000 (32 sales), and a median unit price of $232,000 (27 sales). This represents annual (Q2 2018 – Q2 2019) median price growth of 15.2% f…
In Q2 2019, Hurstville recorded a median house price of $1,340,000 and a median unit price of $671,000. This represents an annual (Q2 2018 – Q2 2019) median price softening of -5.0% for houses and -5…