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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Buyers seeking to secure their dream property in a sustainable and growing market need to give serious consideration to Wagga Wagga, particularly postcode 2650. Wagga Wagga, particularly the postcod…
The Hervey Bay property market experienced a positive median house price growth of 0.9% since the 2nd half 2016, which is at $348,000 in 2nd half 2017. Over the same period of time (2nd half 2016 to …
The Hervey Bay property market experienced a positive median house price growth of 0.9% since the 2nd half 2016, which is at $348,000 in 2nd half 2017. Over the same period of time (2nd half 2016 to …
Ettalong Beach attracts a more premium price when compared to the wider Central Coast LGA. The Ettalong Beach property market recorded a median house price of $770,000 and $630,000 for units in Q1 20…
The Tamworth property market recorded a median house price of $377,500 and $239,625 for units in Q1 2018, which represents an annual price change of 11.0% and -5.8% respectively. Over the same time, …
Compared to the wider Newcastle LGA, Newcastle offers a more premium property market, whilst remaining affordable when compared to Sydney Metro’s median house and other dwelling prices of $1,150,357 …
The Port Stephens property market recorded a median house price of $637,500 and $479,000 for units in Q1 2018, representing an annual price growth of 2.7% and 6.4% respectively. Over the same time, h…
The Agnes Water property market recorded a median house price of $378,000 and $279,000 for unit Q1 2018, which represents an annual softening of -4.3% and -2.1% respectively over the past 12 months t…
A softening in house prices is being experienced throughout the wide Bundaberg LGA area however unit buyers in Bundaberg, especially that of postcode 4670, can benefit from positive capital growth.