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 Mackay house property market shows promise in Q1 2018, recording a median price of $310,000. This represents annual growth of 5.6%, which when compared to the Mackay Regional LGA house market ann…
Kogarah recorded a median house price of $1,233,750 and $670,000 for units in Q1 2018, which represents an annual price change of -11.2% and -0.7% respectively. House prices in the Georges River Loca…
Kogarah recorded a median house price of $1,233,750 and $670,000 for units in Q1 2018, which represents an annual price change of -11.2% and -0.7% respectively. House prices in the Georges River Loca…
The Inner North property market has strengthened over the past 12 months and is in gear for further growth in 2018. The median house price in Q1 2018 was recorded at $940,000 and median unit price wa…
The Werribee property market is set to perform exceedingly in 2018 and now is the time for keen buyers and sellers to transact in the market. Werribee recorded a median house price of $500,500 and $3…
The Liverpool property market presents opportunities for affordability with a median house price of $790,000 and unit price of $520,000, as at Q1 2018. This represents an annual price change of -2.5%…
The Carina/Carindale property market recorded a median price of $780,000 for houses and $490,000 for units in Q1 2018, representing annual price changes of 4.0% and 0.0% respectively. Over the same p…
The Coolum Beach house market has softened by -1.2% over the past 12 months (Q1 2017 – Q1 2018), recording a median price of $622,500 in Q1 2018. Over the same time, the unit market has grown by 2.3%…