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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Coolum Beach recorded a median house price of $743,000 and $400,000 for units in Q3 2018, which represented an annual (Q3 2017 – Q3 2018) price change of 6.5% and 12.7% respectively. In comparison to…
Peregian Springs is a suburb located approx. 21kms north from the heart of the Sunshine Coast. Homes in the suburb include independent living units, serviced apartments, and retirement village; which…
Melton is an urban metropolitan area 35kms west of Melbourne CBD. According to ABS Census 2016 only 6.1% of private dwellings in Melton were unoccupied, lower than the Victorian average of 11.7%. Fur…
Ettalong Beach is a suburb of the Central Coast region of New South Wales (NSW), approximately 80km north of Sydney. According to ABS Census 2016 38.4% of occupied private dwellings in Ettalong Beac…
Ballarat is the third largest inland city in Australia, approx. 1.5hrs drive north-west of Melbourne CBD. According to ABS Census 2016 31.4% of occupied private dwellings in Ballarat were rented, hig…
Ballarat is the third largest inland city in Australia, approx. 1.5hrs drive north-west of Melbourne CBD. According to ABS Census 2016 31.4% of occupied private dwellings in Ballarat were rented, hig…
Coffs Harbour recorded a median house price of $586,000 and $385,000 for units in Q3 2018, which represented an annual (Q3 2017-Q3 2018) price change of 12.7% and 3.2% respectively. Compared to Coffs…
Coffs Harbour recorded a median house price of $586,000 and $385,000 for units in Q3 2018, which represented an annual (Q3 2017-Q3 2018) price change of 12.7% and 3.2% respectively. Compared to Coffs…
Hervey Bay is a coastal city in the Fraser Coast Region of Queensland, approx. 290kms or 3.5hrs drive north of Brisbane. It is the gateway to World Heritage Listed Fraser Island, the largest sand isl…
Hervey Bay is a coastal city in the Fraser Coast Region of Queensland, approx. 290kms or 3.5hrs drive north of Brisbane. It is the gateway to World Heritage Listed Fraser Island, the largest sand isl…