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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The Bribie Island property market recorded a median house price of $461,000 and $345,000 for units in Q1 2018, which represents an annual price change of 3.9% and 0.0% respectively. This signals an i…
Maryborough is a more attractive option for first home buyers, as not only can houses be secured at a more affordable price than the Fraser Coast Region, it is currently increasing in affordability. …
Maryborough is a more attractive option for first home buyers, as not only can houses be secured at a more affordable price than the Fraser Coast Region, it is currently increasing in affordability. …
Maroubra is proving itself to be a secure and well-sought-after market. The property market in Maroubra, particularly postcode 2035/2036, recorded a median house price of $2,019,500 and $890,000 for …
The recent release of PRD’s ‘2018 Australian Economic and Property Report’ and Capital City ‘Affordable & Liveable Property Guides 1st Half 2018’ signals a significant change in the property market g…
The PRD Affordable & Liveable Property Guides are available for Sydney, Melbourne, Brisbane, and Hobart. The guides provide valuable insights for the Australian property market, reporting on many key…
Between 2016 to 2017/18, Sydney Metro median house prices experienced a gentle growth of 0.8%, whilst units softened by -2.4%. This is reflective of a pivot in the metro unit market and a response to…
The Melbourne City Local Government Area median house prices experienced a 1.3% growth and unit median prices grew by 7.9% from 2016 to 2017/2018*. The majority (79.5%) of suburbs in greater Melbourn…
Between 2016 to the 1st quarter of 2018*, the number of houses sold in the Brisbane City Local Government Area (LGA) grew by 17.9%. The median price also grew by 3.1%, indicating real capital growth …
The city of Hobart’s median property prices increased by 10.6% for houses and 7.2% for units between 2016 to 2017/2018. At the same time, sales transactions increased by 30.7% (houses) and 54.0% (uni…