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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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…
The property market of Burleigh Heads*, recorded a median house price of $850,000 and $462,000 for units in Q3 2018. This represented an annual (Q3 2017-Q3 2018) price strengthening of 9.0% and 3.0% …
In Q3 2018, the Wagga Wagga property market recorded a median house price of $370,000 and a median unit price of $217,500. This represented an annual price growth of 4.2% for houses and -17.0% for un…
In Q3 2018, Penrith Local Government Area (LGA) recorded a median house price of $676,500 and a median unit price of $495,000, representing annual (Q3 2017-Q3 2018) price changes of -3.3% and -4.3% r…
In Q3 2018, Penrith Local Government Area (LGA) recorded a median house price of $676,500 and a median unit price of $495,000, representing annual (Q3 2017-Q3 2018) price changes of -3.3% and -4.3% r…
In Q3 2018 the Maroubra property market recorded a median house price of $1,780,000 and a median unit price of $825,000. This represented annual (Q3 2017-Q3 2018) price changes of -5.6% and 1.2%. Com…
The PRD Affordable and Liveable Property Guides 2nd Half 2018 have just been released for Sydney, Melbourne, Brisbane, and Hobart. The reports provide valuable insight and highlights for the market, …
Between 2017 and 2018, the number of houses sold in the Brisbane City Local Government Area (LGA) grew by 5.0%, yet the median house price softened by -1.0% to $670,000. The Brisbane LGA unit market …
Melbourne Metro house median price experienced a softening of -8.1% from 2017 to 2018, median unit prices softened at a more moderate rate of -2.6%. House and unit buyers looking for affordable optio…