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 Penrith property market recorded a median house price of $695,000 and $500,000 for units in Q1 2018, representing an annual price change of -1.4% and -2.3% respectively. This signals a return tow…
The Penrith property market recorded a median house price of $695,000 and $500,000 for units in Q1 2018, representing an annual price change of -1.4% and -2.3% respectively. This signals a return tow…
The Kogarah property market witnessed a record-setting median house price of $1,458,500 and $683,900 for units in Q3 2017, resulting in exceptional double digit annual growth figures of 12.8% and 10.…
The Kogarah property market has witnessed exceptional performance over the past 12 months to Q1 2017 with strong demand for housing spurring exceptional annual price growth.
The Ballarat property market is moving quickly. Houses recorded a median price of $425,000 and units recorded $255,000 in Q1 2018, which represents an annual price change of 21.4% and 1.0% respective…
The Ipswich property market in this report encapsulates aggregate property market conditions in Ipswich, Booval, Brassall, Bundamba, Newtown and Silkstone. The median house price in Q1 2018 was $327,…
The Tannum Sands property market is embarking on a road of recovery, after a period of market softening over the past five years. Between 2017 and 2018 (Q1 2018) median price for houses increased by …