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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Between 2017 and 2018, Sydney Metro median house prices have softened by -5.6%, whilst units have softened by -2.5%. Affordable options can be found in Sydney’s South Western suburbs.
The Melbourne Metro house median price slightly softened by -0.4% between 2017 and 2018/20191, whereas the median unit price remained resilient, growing by 1.7% during the same time frame. Although a…
Median property prices in Hobart grew by 1.7% (houses) to $450,000 and 4.0% (units) to $340,000 between 2017 and 2018. During this time sales transactions softened by -41.1% (houses) and -50.3% (unit…
The PRD Affordable and Liveable Property Guides 1st Half 2019 are available for Sydney, Melbourne, Brisbane, and Hobart. These property guides provide valuable insights and highlights for the market,…
Compared to the wider Kyogle Local Government Area (LGA), houses are secured at a premium price in the Kyogle property market, and with stronger annual growth. This is good news for owner-occupiers a…
Q4 2018 saw Kyogle record a median house price of $270,000. This represents an annual (Q4 2017 – Q4 2018) price softening of -2.7%. The 2nd Half 2018 Kyogle Property Factsheet reported an annual (Q2 …
The Kyogle property market experienced exponential growth over the past 12 months to Q4 2017, recording a median house price of $277,250 – which represents an annual price change of 15.5%. Over the s…
The Kyogle property market demonstrates strong results for everyone. Kyogle has experienced solid rural sales and land values are on the rise since 2015, peaking at a rare $725,000 sale in 2017. Inc…
Kyogle offers buyers a more affordable entry price compared to nearby towns, without compromising on positive annual growth. Demand is increasing, resulting in properties selling faster and often at …