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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The property market of Bundaberg and Bargara, especially that of postcode 4670, recorded a median house price of $272,000 and $210,000 for units in Q1 2019. This represented an annual (Q1 2018-Q1 201…
Carina/Carindale recorded a median house price of $775,000 and $479,000 for units in Q1 2019. This represent an annual (Q1 2018-Q1 2019) price growth of 1.3% for houses and a softening of -2.2% for u…
Bribie Island recorded a median house price of $490,000 and $327,500 for units in Q1 2019. This is an annual (Q1 2018-Q1 2019) price strengthening of 2.2% for house and a softening of -5.6% for units…
Buderim recorded a median house price of $625,000 and $419,250 for units in Q1 2019. This is an annual (Q1 2018-Q1 2019) softening of -8.4% for house and a slight softening of -0.7% for units. Compar…
In Q2 2019, Ingleburn recorded median prices of $645,000 for houses and $412,500 for units. This represents annual (Q2 2018 – Q2 2019) price softening of -8.5% for houses and -16.0% for units. Over t…
In Q2 2019, Ingleburn recorded median prices of $645,000 for houses and $412,500 for units. This represents annual (Q2 2018 – Q2 2019) price softening of -8.5% for houses and -16.0% for units. Over t…
In H1 2019, Tumbarumba recorded a median house price of $181,000, and a median vacant land price of $58,515. This represents annual (H1 2018 – H1 2019) median price softening of -5.7% for houses and …
In H1 2019, Tumbarumba recorded a median house price of $181,000, and a median vacant land price of $58,515. This represents annual (H1 2018 – H1 2019) median price softening of -5.7% for houses and …
Caboolture recorded a median house price of $325,000 and $180,000 for units in Q1 2019. These figures represented an annual (Q1 2018-Q1 2019) price softening of -4.4% for house and -17.7% for units. …
Caboolture recorded a median house price of $325,000 and $180,000 for units in Q1 2019. These figures represented an annual (Q1 2018-Q1 2019) price softening of -4.4% for house and -17.7% for units. …