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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Marsden recorded a house median price of $385,000 in Q1 2018, signifying an 8.5% price change over the past 12 months. In comparison Logan City Council recorded a higher house median price, of $420,0…
The property market in Melton is booming. During Q1 2018 the Melton property market recorded a median house price of $415,000 and $340,000 for units, which represents an annual price change of 38.3% …
The Creswick property market recorded a median house price of $330,000 and $125,000 for vacant land in Q4 2017, representing an annual price change of 11.9% and 25.0% respectively. Over the same peri…
The Hunter Valley property market recorded a median house price of $450,000 and $335,000 for units in Q4 2017, representing an annual price change of 8.4% and 17.5% respectively. Over the same period…
The Hunter Valley property market recorded a median house price of $450,000 and $335,000 for units in Q4 2017, representing an annual price change of 8.4% and 17.5% respectively. Over the same period…
The Tweed Coast property market recorded a median house price of $820,000 and $507,500 for units in Q4 2017, representing an annual price change of 12.9% and 16.5% respectively. Over the same period …
Over the past 12 months leading up to Q4 2017, the Coolangatta market, which for this report captures all of the Gold Coast LGA, recorded a median house price of $645,000, reflecting an annual price …
The Ashmore and Molendinar aggregate property market recorded a median house price of $632,500 and $345,000 for units in Q4 2017, representing an annual price growth of 6.3% and 0.4% respectively. Ov…
The Ashmore and Molendinar aggregate property market recorded a median house price of $632,500 and $345,000 for units in Q4 2017, representing an annual price growth of 6.3% and 0.4% respectively. Ov…