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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Kyneton recorded a median house price of $562,500 and a median vacant land price of $334,000 in Q4 2018. This represents annual (Q4 2017 – Q4 2018) price growth of 6.6% and 51.8% respectively. Such a…
Toowoomba recorded a median house price of $397,000 and $299,000 for units in Q4 2018. This is an annual (Q4 2017-Q4 2018) median price softening of -1.4% for houses and -6.6% for units. Compared to …
Toowoomba recorded a median house price of $397,000 and $299,000 for units in Q4 2018. This is an annual (Q4 2017-Q4 2018) median price softening of -1.4% for houses and -6.6% for units. Compared to …
Surfers Paradise recorded a median unit price of $390,000 in Q4 2018. This is an annual (Q4 2017-Q4 2018) price growth of 2.6%. Compared to the Surfers Paradise 2nd half 2018 Research Factsheet, whic…
In Q4 2018, Creswick recorded a median house price of $390,000 and a median vacant land price of $70,000. This represents annual (Q4 2017 – Q4 2018) price growth of 18.2% and -44.0% respectively. It …
In Q4 2018, Creswick recorded a median house price of $390,000 and a median vacant land price of $70,000. This represents annual (Q4 2017 – Q4 2018) price growth of 18.2% and -44.0% respectively. It …
The house market in Kenmore experienced 4.8% annual (2017-2018) growth, recording a median price of $859,000 in 2018. That said the unit market has softened, by -2.9% to $607,000. Between 2017 – 2018…
Runaway Bay recorded a median house price of $757,000 and $403,000 for units in Q4 2018. This represented an annual (Q4 2017-Q4 2018) median price softening of -12.5% for houses and -13.3% for units.…
Finding an affordable option in Australian capital cities is not easy, especially when you are a first home buyer. Australia’s home loan affordability index has been at the lower end of the scale sin…
In Q4 2018, Tumbarumba recorded a median house price of $175,000. This represents an annual (Q4 2017 – Q4 2018) price change of -21.0%. The 2nd Half 2018 Tumbarumba Property Factsheet reported annual…