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 >In Q1 2024, Tannum Sands recorded a median house price of $483,000 and a median unit price of $405,000. This represents annual (Q1 2023 – Q1 2024) growth of 6.2% for houses and 43.6% for units. During this time house sales grew by 37.3% (to 103 sales) and unit sales surged by 114.3% (to 15 sales). Confidence has returned to Tannum Sands and there …
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…
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The ‘PRD First Home Buyers’ Guide 2021’ is designed to help you quickly understand what is on offer to first home buyers around Australia. With so many programs and grants available at the various S…
In Q3 2020, Tannum Sands recorded a median house price of $350,000, and a median unit price of $200,000. This represents annual (Q3 2019 – Q3 2020) median price softening of -4.1% for house, however …
Median property prices in Brisbane Metro increased by 4.3% for houses to $678,000 from 2019 to 20201 and softened by -1.1% to $435,000 for units during the same period. Limited stock and high demand …
Living alone is a significant contributor to general loneliness, particularly in the older community as it becomes more difficult to maintain a social circle. It is recognised that one in four Austra…
The PRD First Home Buyers’ Guide is designed to help you quickly understand what is on offer to first home buyers around Australia. With so many programs and grants available at the various State a…
In Q1 2020, Tannum Sands recorded a median house price of $341,000, and median unit price of $205,000. This represents annual (Q1 2019 – Q1 2020) median price growth of 8.3% for houses, and slight so…
Australia’s property market has managed to hold its value despite the doom and gloom predictions of what the COVID-19 shutdown would do to property prices. The latest PRD research report, ‘PRD Austra…
The Brisbane Metro property market has shown resilience throughout these unprecedented times of COVID-19. From 2018 to 2019/20(1) the number of houses sold in Brisbane Metro increased by 20.9%, and m…
The Australian property market is made up of many ‘micro markets’, each performing at its own individual pace dependent upon demographics, population growth, economic structure and fundamentals, and …
COVID-19 is, without a doubt, a disruption and game-changer at the same time. There are many uncertainties at present, and quite a few “doom and gloom” stories on a collapsing economy and being on th…