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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The Australian Capital Territory (ACT) continues to perform in the PRD Q1 2019 Key Market Indicator Awards; earning 4 gold, 1 silver, and 1 bronze award nationally. The ACT has once again earned the…
New South Wales (NSW) continued to showcase strong economic fundamentals towards the end of 2018, preparing it for a strong performance in 2019. NSW earned 5 silver awards nationally in the PRD Q1 20…
The Northern Territory (NT) showed strong economic fundamentals towards the end of 2018, preparing for high performance in 2019. The NT earned 3 silver awards nationally in the PRD Q1 2019 Key Market…
Queensland (QLD) continues to attract new residents into the sunshine state, with 14,358 people choosing to call it home in the June quarter of 2018. This is a 7.5% increase over the past 12 months, …
South Australia (SA) showed steady economic fundamentals in late 2018, which are set to continue in 2019. The unemployment rate in SA was 5.9% in December 2018, which showed no change when compared t…
The number of first home buyer loans approved in Tasmania (TAS) in the September quarter of 2018 was 483 loans, which is a significant 25.1% increase compared to the 12 months prior. This has earned …
Victoria (VIC) continues to prove itself as “the winning state” as we enter 2019, earning the highest number of gold awards nationally in the PRD Q1 2019 Key Market Indicator Awards. VIC earned gold …
Western Australia (WA) had the highest growth in home loan affordability across Australia, taking out the gold award nationally at the PRD Q1 2019 Key Economic Indicator Awards. The home loan afforda…
Ashmore* recorded a median house price of $586,500 and $334,000 for units in Q4 2018. This represented an annual (Q4 2017-Q4 2018) price softening of -5.4% for houses and -3.5% for units. Compared to…
Ashmore* recorded a median house price of $586,500 and $334,000 for units in Q4 2018. This represented an annual (Q4 2017-Q4 2018) price softening of -5.4% for houses and -3.5% for units. Compared to…