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PRD’s latest findings reveal every real estate market around Australia is in its own gear speed. Many markets saw a price recovery due to a stable cash rate since November 2023. However, economic conditions and the ‘cost-of-living crisis’ have dampened savings, and a stable cash rate has created “sticky” buyers (those who are in the market but not…
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From the Desk of the Chief Economist
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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…
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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 >The PRD Property Search showcases property for sale and rent right across Australia. Find the latest homes for sale and search for Australian Real Estate.
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Visit >In Q1 2024, Dapto recorded a median house price of $821,500, and a median unit price of $645,000. This represents annual (Q1 2023 – Q1 2024) median price growth of 2.7% for houses and 4.9% for units.…
In Q1 2024, Liverpool recorded a median house price of $1,008,000, and a median unit price of $520,000. This represents an annual (Q1 2023 – Q1 2024) price growth of 5.8% for houses and a minor softe…
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 ec…
Hello again and welcome to our PRD Investor Newsletter. It’s certainly been a busy quarter with the addition of a new team member as we continue to grow! This time around we’ll learn more about our P…
Wagga Wagga offers a vibrant community with a rich cultural heritage and stunning natural beauty, making it an ideal place to call home. It's beautiful parks and recreational facilities offer plenty …
In Q1 2024, Kogarah recorded a median house price of $1,627,500, and a median unit price of $700,000. This represents annual (Q1 2023 – Q1 2024) median price growth of 8.5% for houses and minor price…
In Q1 2024, Caboolture recorded a median house price of $665,000 and a median unit price of $405,000. This represents annual (Q1 2023 – Q1 2024) price growth of 16.2% for houses and 12.5% for units. …
In Q1 2024, Mildura recorded a median house price of $468,500, and a median unit price of $312,500. This represents annual (Q1 2023 – Q1 2024) growth of 8.4% for houses and 2.5% for units. During thi…
In Q1 2024, Tamworth recorded a median house price of $536,250 and a median unit price of $335,000. This represents annual (Q1 2023 – Q1 2024) median price growth of 11.7% for houses and 4.7% for uni…
In Q1 2024 Bayside recorded a median house price of $910,000 and a median unit price of $590,000. This represents annual (Q1 2023 – Q1 2024) growth of 11.3% for houses and 18.6% for units. During thi…
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