Stage 3 Tax Cuts: Will It Allow Greater Access to the Property Market?
June 27, 2024, midnightFrom the Desk of the Chief Economist
Continue reading >Your home for the latest property insights.
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?
Continue reading >The PRD Property Search showcases property for sale and rent right across Australia. Find the latest homes for sale and search for Australian Real Estate.
Visit >At PRD, our franchise offices are independently owned and operated businesses. Send an Enquiry to contact your local PRD Real Estate Office.
Visit >Create an account with PRD and access our full research archive and receive the latest reports directly to your email
Peregian Springs* recorded a median prices of $695,000 fot houses and $547,000 for units in Q1 2019. This represents an annual (Q1 2018-Q1 2019) strengthening of 2.6% for houses and a softening of -4…
Werribee* recorded a median house price of $490,000 in Q1 2019, and a median unit price of $376,000. This represents annual (Q1 2018 – Q1 2019) median price movements of -3.4% in houses, and -4.2% in…
Mildura* recorded a median house price of $306,250 and $233,250 for units in Q1 2019. This shows an annual (Q1 2018 – Q1 2019) significant price resilience of 14.5% for house and 3.7% for units. When…
Mildura* recorded a median house price of $306,250 and $233,250 for units in Q1 2019. This shows an annual (Q1 2018 – Q1 2019) significant price resilience of 14.5% for house and 3.7% for units. When…
Q1 2019 saw Wagga Wagga* record a median house price of $360,000, along with a median unit price of $265,000. This resulted in an annual (Q1 2018 – Q1 2019) price shift of -4.0% in houses and price g…
Newcastle’s* median house price was $717,500 in Q1 2019, and the median unit price was recorded at $510,000. This represents annual (Q1 2018 – Q1 2019) price changes of -2.4% and -17.1% for houses an…
Mackay* recorded a median house price of $330,000 and $267,500 for units in Q1 2019. This shows an annual (Q1 2018 – Q1 2019) price resilience of 2.6% for house and 2.9% for units. When compared to t…
In Q2 2019, Weston Creek* recorded a median house price of $750,000, and a median unit price of $450,000. This represents annual (Q2 2018 – Q2 2019) price growth of 13.8% for houses and a softening o…