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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Tannum Sands is a coastal town and locality in the central east coast of Queensland. According to ABS Census 2016 31.4% of private dwellings were rented, a significant increase compared to the 9.2% r…
Tannum Sands is a coastal town and locality in the central east coast of Queensland. According to ABS Census 2016 31.4% of private dwellings were rented, a significant increase compared to the 9.2% r…
Panania recorded a median house price of $1,025,000 and $750,000 for units in Q3 2018, representing an annual (Q3 2017-Q3 2018) price change of -1.2% and -1.6% respectively. Compared to the Panania 1…
Panania recorded a median house price of $1,025,000 and $750,000 for units in Q3 2018, representing an annual (Q3 2017-Q3 2018) price change of -1.2% and -1.6% respectively. Compared to the Panania 1…
The Bendigo rental market continues to serve investors well, particularly for houses. Median house rental price increased by 7.0% over the past 12 months to Q3 2018, to $320 per week. During this tim…
The Bendigo rental market continues to serve investors well, particularly for houses. Median house rental price increased by 7.0% over the past 12 months to Q3 2018, to $320 per week. During this tim…
Marsden is a suburb of Logan City, approx. 47.5km south of Brisbane CBD. According to ABS Census 2016 51.5% of occupied private dwellings in Marsden were rented, higher than the Queensland average of…
The City of Ipswich consists of urban and rural areas, approx. 44kms southwest from the Brisbane CBD. According to ABS Census 2016 39.7% of occupied private dwellings in Ipswich were rented, which is…
Lake Macquarie is located approx. 150km north of Sydney, adjacent to Newcastle. According to ABS Census 2016 only 8.8% of private dwellings were unoccupied, lower than Australia’s average of 11.2%. F…
Ramsgate Beach recorded a median house price of $1,600,000 and $750,000 for units in Q3 2018, representing an annual (Q3 2017-Q3 2018) price change of -3.8% and 2.0% respectively. Compared to the Ram…