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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Marsden recorded a median house price of $366,000 and $240,000 for units in Q1 2019, which represented an annual (Q1 2018- Q1 2019) price softening of -4.9% and -15.8% respectively. When compared to …
In Q2 2019, Hunter Valley recorded a median house price of $485,000 and a median unit price of $330,000. This represents annual (Q2 2018 – Q2 2019) median price growth of 4.3% for houses and a price …
In Q2 2019, Hunter Valley recorded a median house price of $485,000 and a median unit price of $330,000. This represents annual (Q2 2018 – Q2 2019) median price growth of 4.3% for houses and a price …
The median sale price for commercial property in Norwest was $7,122 per sqm as of Q2 2019. This represents a half-yearly (Q4 2018 – Q2 2019) price softening of -7.5%. The variations in median price p…
The median sale price for commercial property in Norwest was $7,122 per sqm as of Q2 2019. This represents a half-yearly (Q4 2018 – Q2 2019) price softening of -7.5%. The variations in median price p…
In Q2 2019, Bungendore recorded a median house price of $750,000, and a median vacant land price of $305,500. This represents an annual (Q2 2018 – Q2 2019) unchanged median price for houses (0.0%) an…
In Q2 2019, Robina recorded a median house price of $640,000 (62 sales), and a median unit price of $427,000 (45 sales). This represents annual (Q2 2018 – Q2 2019) median price softening of -5.0% for…
In Q2 2019, Southport recorded a median house price of $560,000 (59 sales), and a median unit price of $372,000 (95 sales). This represents annual (Q2 2018 – Q2 2019) median price softening of -3.8% …