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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In Q2 2019, Ashmore recorded a median house price of $578,000 (42 sales), and a median unit price of $330,000 (28 sales). This represents annual (Q2 2018 – Q2 2019) median price softening of -4.5% fo…
In Q2 2019, Ashmore recorded a median house price of $578,000 (42 sales), and a median unit price of $330,000 (28 sales). This represents annual (Q2 2018 – Q2 2019) median price softening of -4.5% fo…
In Q2 2019, Casino recorded a median house price of $289,000 (39 sales), and a median unit price of $200,000 (28 sales). This represents annual (Q2 2018 – Q2 2019) median price softening of -6.8% for…
In Q2 2019, Casino recorded a median house price of $289,000 (39 sales), and a median unit price of $200,000 (28 sales). This represents annual (Q2 2018 – Q2 2019) median price softening of -6.8% for…
In Q2 2019, Albury recorded a median house price of $329,400, and a median vacant land price of $145,000. This represents annual (Q2 2018 – Q2 2019) median price softening of -3.1% for houses and -9.…
In Q2 2019, Albury recorded a median house price of $329,400, and a median vacant land price of $145,000. This represents annual (Q2 2018 – Q2 2019) median price softening of -3.1% for houses and -9.…
In Q2 2019, Coolangatta recorded a median house price of $625,000 (1229 sales), and a median unit price of $430,000 (1246 sales). This represents annual (Q2 2018 – Q2 2019) median price softening of …
Now in its twelfth year, the PRD Australian Economic and Property Report provides key insights into several economic indicators, monetary and fiscal policy, key events; and how they have impacted the…
Q4 2018 saw Glenorchy record a median house price of $393,500, and a median unit price of $237,500. This represents an annual (Q4 2017 – Q4 2018) price change of 6.4% and -13.9% for houses and units …
The Glenorchy property market has grown from strength to strength over the past 12 months to Q2 2018. Compared to the Glenorchy Local Government Area (LGA), houses in the Glenorchy property market c…