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 Northern Territory’s (NT) home loan affordability index reading was 49.6 index points in the March quarter of 2019, well above the Australian average of 33.0 index points. This establishes the NT…
Australia is positive and resilient, particularly in the face of a roller coaster year that included: political uncertainty and a Federal Government election, the Financial Services Royal Commission,…
Burleigh Heads, which in this report includes sales transactions in Varsity Lakes, Miami, Mermaid Waters, Mermaid Beach, Burleigh Waters, and Burleigh Heads; recorded a median house price of $760,500…
Port Stephens* recorded a median house price of $682,500 in Q1 2019, along with a median unit price of $442,000. This represents growth of 6.6% (house) and 0.5% (unit) over the previous 12 months (Q1…
Port Stephens* recorded a median house price of $682,500 in Q1 2019, along with a median unit price of $442,000. This represents growth of 6.6% (house) and 0.5% (unit) over the previous 12 months (Q1…
The Buninyong housing property market has shown positive growth over the past 12 months to Q1 2019, at 2.0% and recording a median house price of $505,000. Compared to the Buninyong 2nd Half 2018 Res…
In Q1 2019 the Ballarat property market continues to reflect a strong market, with median house price growing by 12.4% over the past 12 months (Q1 2018 – Q1 2019) to $427,250. Within the same timefra…
In Q1 2019 the Ballarat property market continues to reflect a strong market, with median house price growing by 12.4% over the past 12 months (Q1 2018 – Q1 2019) to $427,250. Within the same timefra…