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 >In Q4 2023, Upper Hunter recorded a median house price of $523,000, and a median unit price of $420,000. This represents annual (Q4 2022 – Q4 2023) growth of 6.2% for houses and 23.5% for units. During this time (Q4 2022 – Q4 2023) total sales declined for houses, by -16.2% (to 160 sales), but remained stable for units (at 26 sales). This suggests…
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In Q4 2021, Upper Hunter recorded a median house price of $425,000, and a median unit price of $237,500. This represents annual (Q4 2020 – Q4 2021) median price growth of 21.3% for houses and 7.0% fo…
The PRD Major City Market Update 1st Half 2022 reports are available for Brisbane, Sydney, Melbourne and Hobart. The reports divide each capital city into inner, middle and outer rings. They provide…
Median property prices in Sydney Metro increased by 21.2% for houses to $2,000,000 from Q3 2020 to Q3 2021* and by 9.8% for units to $867,500. Between Q3 2020 – Q3 2021, total sales increased by 9.6%…
The PRD First Home Buyers’ Guide 2nd Half 2021 is designed to help you quickly understand what is on offer to first home buyers. With so many programs and grants available at the various State and …
In Q2 2021, Upper Hunter recorded a median house price of $360,000, and a median unit price of $275,000. This represents annual (Q2 2020 – Q2 2021) median price growth of 5.9% for houses and 8.9% for…
Australia’s property market exceeded all expectations in 2020 and in the first half of 2021. The ‘doom and gloom’ and ‘market crash’ predictions did not eventuate, in fact, the opposite occurred…
The PRD Affordable and Liveable Property Guides 1st Half 2021 are available for Brisbane, Sydney, Melbourne, and Hobart. These guides provide valuable insights and highlights of the market and report…
There has been a high influx of first home buyers that have entered the property market in 2020, resulting in a growth of 50.4% between the December quarters of 2019 and 2020. This further boosted an…
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 Q4 2020, the Upper Hunter recorded a median house price of $350,625, and a median unit price of $223,500. This represents annual (Q4 2019 – Q4 2020) median price growth of 6.3% for houses and a pr…