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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Located 17km south of the Sydney CBD, Beverly Hills is a mainly residential suburb. According to ABS Census 2016 27.5% of occupied private dwellings in Beverly Hills are rented, an increase from 23.9…
Located 17km south of the Sydney CBD, Beverly Hills is a mainly residential suburb. According to ABS Census 2016 27.5% of occupied private dwellings in Beverly Hills are rented, an increase from 23.9…
The Buninyong house market recorded a median price of $445,000 in Q3 2018, which represented a -5.3% change over the past 12 months. Vacant land recorded a similar median price change of -6.1% in the…
The property market of Bundaberg and Bargara, especially that of postcode 4670, recorded a median house price of $285,000 and $215,000 for units in Q3 2018. This represented an annual (Q3 2017-Q3 201…
Mackay recorded a median house price of $300,000 and $195,000 for units in Q3 2018. This represented an annual (Q3 2017-Q3 2018) price change of 1.7% and a softening of -4.9% respectively. Compared t…
Werribee is located halfway between Melbourne and Geelong, 32kms south-west of Melbourne’s CBD. According to the ABS Census 2016, 29.7% of occupied private dwellings in Werribee were rented, slightly…
Nundah is located approx. 8kms north-east of Brisbane CBD. The area has become gentrified in recent years, with modern high-density apartment blocks. According to ABS Census 2016 57.4% of occupied p…
Nundah is located approx. 8kms north-east of Brisbane CBD. The area has become gentrified in recent years, with modern high-density apartment blocks. According to ABS Census 2016 57.4% of occupied p…