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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Buderim is a major suburb of the Sunshine Coast Region and comprises 63.0% of the town of Buderim’s urban population. According to ABS Census 2016 only 8.0% of private dwellings were unoccupied, lowe…
The Maryborough property market recorded a median house price of $205,000 in Q3 2018, a softening of -2.0% over the past 12 months (Q3 2017 – Q3 2018). Compared to the Maryborough 1st half 2018 Resea…
The Maryborough property market recorded a median house price of $205,000 in Q3 2018, a softening of -2.0% over the past 12 months (Q3 2017 – Q3 2018). Compared to the Maryborough 1st half 2018 Resea…
Now is the perfect time for investors and first home buyers to enter postcodes 2259 and 2261 property market, as it is expected to have significant growth due to the $116.1M worth of projects planned…
The property market of postcodes 2264 and 2265 has strengthened over the past 12 months to Q3 2018, by 6.4% to $593,000 for houses and by 8.2% to $397,500. The Lake Macquarie Local Government Area (L…
In Q3 2018, the median house price in Liverpool was $785,000 and the median unit price was $520,000. This represented an annual (Q3 2017 – Q3 2018) price change of -1.9% and -3.3% respectively. Compa…
The Newcastle metropolitan area is the second most populated area in New South Wales (NSW), located 162kms north-east of Sydney. According to ABS Census 2016, 35.5% of private dwellings in Newcastle …
Bribie Island recorded a median house price of $470,000 and $375,000 for units in Q3 2018. These figures represented an annual (Q3 2017-Q3 2018) price softening of -1.0% for house and a strengthening…