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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Median property prices in Sydney Metro increased by 7.2% for houses to $1,630,000 from 2019 to 20201 and increased by 3.2% to $795,000 for units during the same period. By comparison, from 2018 to 20…
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…