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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Palm Beach recorded a median house price of $830,750 and $445,625 for units in Q4 2018. This represent an annual (Q4 2017-Q4 2018) price softening of -2.3% for houses and -4.2% for units. Compared to…
The pressure of Australia’s ageing population and growing desire for affordability calls for an investigation into the diversity of housing options. According to the Australian Bureau of Statistics (…
Over the past 12 months leading up to Q4 2018, the Coolangatta* market, which for this report captures all of the Gold Coast Local Government Area (LGA), recorded a median house price of $645,000. Th…
The Hunter Valley recorded median prices of $460,000 for houses and $348,000 for units in Q4 2018. This represented annual (Q4 2017 – Q4 2018) price shifts of +2.8% for houses and -0.6% for units. Co…
The Hunter Valley recorded median prices of $460,000 for houses and $348,000 for units in Q4 2018. This represented annual (Q4 2017 – Q4 2018) price shifts of +2.8% for houses and -0.6% for units. Co…
Albury recorded median prices of $365,000 for houses and $145,000 for vacant land in Q4 2018. This resulted in an annual (Q4 2017 – Q4 2018) a median price increase of 9.8% for houses, while vacant l…
Albury recorded median prices of $365,000 for houses and $145,000 for vacant land in Q4 2018. This resulted in an annual (Q4 2017 – Q4 2018) a median price increase of 9.8% for houses, while vacant l…
In Q4 2018, Ingleburn recorded a median house price of $658,000 and a median unit price of $445,000. This represented an annual (Q4 2017 – Q4 2018) median price change of -11.1% for houses and -10.6%…
In Q4 2018, Ingleburn recorded a median house price of $658,000 and a median unit price of $445,000. This represented an annual (Q4 2017 – Q4 2018) median price change of -11.1% for houses and -10.6%…
The Royal Commission investigation into banking practices, along with changes in political leadership and uncertainties regarding negative gearing, have impacted the Australian Consumer Sentiment ind…