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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Ramsgate Beach* recorded median prices of $1,135,000 (house) and $630,000 (unit) in Q1 2019. This represented annual (Q1 2018 – Q1 2019) price softening of -23.3% and -12.0% for houses and units resp…
Kingsgrove recorded a median house price of $1,126,500 in Q1 2019, representing an annual (Q1 2018-Q1 2019) softening of -12.0%. Median unit price was $628,500; which represented a relatively stable …
Bexley North recorded a median house price of $1,150,850 and a median unit price of $706,250 in Q1 2019. This represents an annual (Q1 2018 – Q1 2019) change of -4.6% (house) and -3.5% (units). Compa…
Ettalong Beach recorded a median house price of $763,000 and median unit price of $548,000 in Q1 2019, which represented annual (Q1 2018 – Q1 2019) price softening of -4.6% (house) and -13.0% (units)…
In Q2 2019, Tweed Coast recorded a median house price of $850,000 (43 sales), and a median unit price of $450,000 (86 sales). This represents annual (Q2 2018 – Q2 2019) median price strengthening of …
In Q2 2019, Tweed Heads recorded a median house price of $605,000 (273 sales), and a median unit price of $400,000 (255 sales). This represents annual (Q2 2018 – Q2 2019) median price softening of -5…
In Q2 2019, Kyogle recorded a median house price of $300,000, and a median vacant land price of $165,000. This represents annual (Q2 2018 – Q2 2019) median price softening of -11.8% for house and -1.…
In Q2 2019, Kyogle recorded a median house price of $300,000, and a median vacant land price of $165,000. This represents annual (Q2 2018 – Q2 2019) median price softening of -11.8% for house and -1.…
In Q2 2019, Beverly Hills recorded a median house price of $946,250, and a median unit price of $505,000. This represents annual (Q2 2018 – Q2 2019) median price softening of -14.0% for houses and -2…
In Q2 2019, Beverly Hills recorded a median house price of $946,250, and a median unit price of $505,000. This represents annual (Q2 2018 – Q2 2019) median price softening of -14.0% for houses and -2…