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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Property prices in regional Victoria (VIC) increased by 6.5% over the past 12 months to the 1st half of 2018, as recorded in the PRD Australia Economic and Property Report 2018. The same report indic…
TAS took out the bronze award nationally for highest number of dwelling approvals growth in Q3 2018 Key Market Indicator Awards, at 14.1% over the past 12 months to June 2018. This is quite significa…
SA took the silver award nationally for highest median growth in median weekly family income, at 2.6% over the past 12 months to March quarter 2018. This should increase household median income and a…
Queensland (QLD) takes out the silver award nationally for highest nett migration in the PRD Q3 2018 Key Market Indicator Awards series, recording a movement of 9,174 people as of December 2017. This…
The Northern Territory (NT) takes out the gold award nationally for most improved home loan affordability index growth two quarters in a row, recording a 6.3% growth over the past 12 months to March …
New South Wales (NSW) continues to achieve the gold award nationally for most improved number of first home buyer loans for the third quarter in a row, increasing by 80.8% over the past 12 months to …
Australian Capital Territory (ACT) has come to be one of the most affordable states in Australia, earning a gold award nationally in the highest home loan affordability index reading category (50.8 i…
Q3 2018 Key Market Indicators brings us the most positive news regarding the Australian Consumer Sentiment to date, with the index sitting at 106.1 points. This is well above the 100.0 indicator for …
The softening in Nundah’s unit property market is at a faster rate than that of cooling unit prices in Brisbane. For investors this may suggest that caution needs to be heeded as to which type of res…
The softening in Nundah’s unit property market is at a faster rate than that of cooling unit prices in Brisbane. For investors this may suggest that caution needs to be heeded as to which type of res…