Latest news with #PRDRealEstate
Daily Telegraph
06-07-2025
- Business
- Daily Telegraph
Winter best for buyers, Autumn for sellers: exclusive report
If you're on the property market fence, get down, because now is the best time to buy. That's the finding of exclusive new research, which crunched the numbers on historical sales results and found winter was when buyers could get the best deals. The Ray White analysis measured the average prices achieved in each month, relative to sales across the rest of the year, to determine the best time to buy and sell in each suburb. July and August were the two main months across major capitals. Combine this with the timing of the current RBA rate lowering cycle and the beginnings of value growth in various markets, and buyers are presented with an opportunity to begin immediately creating wealth in the form of equity. In Sydney, July was best for nabbing a bargain for 127 suburbs, including a whole lot of big name, sought after postcodes. MORE: Best time to buy and sell in all Sydney suburbs revealed August took the crown for the cheapest month to buy in Brisbane, while winter as a season was best for bargains in 718 suburbs, followed by summer with 524. Chief economist of property firm PRD Real Estate, Dr Diaswati Mardiasmo, said while winter was perceived as a slower real estate period, competitive buyers often used the season to house hunt behind the scenes. 'During the winter months, you may not see a lot of people,' she said. 'That does not mean people are not actively bidding or buying.' MORE:Best months to buy and sell in all Brisbane suburbs It narrowly outpaces January, when it's the best time to buy in 96 suburbs, however Ray White chief economist Nerida Conisbee said with a number of other suburbs recording their second or third lowest medians in January over the timeline, it was overall the most affordable month to buy a home in. MORE:Best months to buy and sell in all Adelaide suburbs While sellers in both months are likely to be very motivated to lock in a deal, potentially explaining the typically lower prices, Ms Conisbee said spring could also easily work in buyers' favour — especially if they made a move before expected rate cuts drive prices up. When it comes time to sell, the figures, going back a decade, show Autumn to be a more successful season than the traditionally revered spring. May was the best time to sell Adelaide houses, while September and July were the best time for buyers to bag a bargain for houses and units respectively. MORE:Best months to buy and sell in all Melbourne suburbs In Melbourne, the data showed the most profitable time to sell is March, prompting experts to warn against flooding the market with properties in spring. Melbourne was another market where July was the winning month for buyers, with prices at their most affordable in 108 suburbs.
News.com.au
04-07-2025
- Business
- News.com.au
Inside winter's secret bargains for affordable home hunters
Queensland homebuyers can bag a bargain in winter with less competition and lower prices, new research reveals. Exclusive data from Ray White has found the cheapest time to buy a property, as well as when they are more expensive. August took the crown as the cheapest month to buy in Brisbane, with a median value of $620,000 over houses and units. SEE FULL LIST OF SUBURBS BY MONTH TO BUY AND SELL The winter months emerged as the cheapest time to buy in a whopping 718 suburbs around the state, followed by summer, when 524 suburbs recorded the most affordable sales. Meanwhile, spring had 486, and autumn rounded out the seasons with 357 suburbs. The winter period also took three of the top four months throughout the year where homes most often sold at their cheapest. Chief economist of property firm PRD Real Estate, Dr Diaswati Mardiasmo, said while winter was perceived as a slower real estate period, competitive buyers often used the season to house hunt behind the scenes. 'During the winter months, you may not see a lot of people,' she said. 'That does not mean people are not actively bidding or buying.' 'People who are looking at houses in winter when they'd rather stay in bed on a rainy day like today, they're actually there to make a purchase.' Ray White chief economist Nerida Conisbee said these figures were due to higher activity occurring in spring, where buyers were given more choice in a busier market – making winter's cheaper deals a double-edged sword. 'Spring is the time that most people sell because their homes look best,' she said. 'If you're looking to buy, you tend to get the most choice in spring.' Ray White's research was calculated by measuring 2085 suburbs across Queensland over a period of ten years. It showed April was the top month where homes sold at their highest prices in Brisbane, coming in at a median value of $676,000 over that decade. April also appeared as the month where the most suburbs sold houses for the highest price, at 324 suburbs throughout the state. Outside of the winter months, January and September were the only others to appear in the top 5 months where houses most often sold at their lowest median price. Ms Conisbee said some of these months may have appeared so often due to a smaller range of appealing options for buyers. 'There's not much that's sold in January – people tend to go away, so there's not much activity,' she said. While winter had many suburbs selling at cheap prices, autumn was the state's cheapest season in terms of average median cost. Despite April's high prices in Brisbane, the average of Queensland's cheapest median house prices each season put autumn at $310,199. This beat spring and summer's prices of $350,386 and $360,352, with winter's overall cheapest prices coming in last at $426,749. Ms Conisbee added location played heavily into when homes would often sell the best. 'Location's really important,' she said. 'If you have a look at places closer to the beach, we find they sometimes get better results in summer, as there are more people are around and the weather is better.' Across every suburb, their cheapest months saw homes selling for an average median of $372,307. Dr Mardiasmo said the best way to balance buying cheap at any time of the year is to check the suburb you're shopping in for how it would look in the future. 'If you are looking to buy at the moment,' she said, 'it's not always about what's the cheapest. It's about making sure you get the best bang for your buck.' 'You want to be aware of what other developments, projects or constructions are [on] in your suburb', she added. 'That gives you a gauge on what sort of supply is going to come, because with more supply you get more choices.' 'You also need to be aware of what other infrastructure or commercial projects are on in the area … the more infrastructure, the more it's going to be one of those suburbs that keeps on getting new life.'
Sydney Morning Herald
10-05-2025
- Business
- Sydney Morning Herald
‘Sydney is just getting to be too hard': The top NSW tree-change towns
Three regional NSW areas have been named among Australia's top affordable markets for home buyers, as soaring property prices in Sydney continue to push them to look further afield. Dubbo, Port Macquarie-Hastings and Shoalhaven ranked as the best regional areas in the state for both affordability and future upside, according to a new report by PRD Real Estate, Smart Moves: Regional Edition 2025. In the report, which covers 10 regional markets, PRD Real Estate applied five criteria to identify the 'most promising' areas for either home buyers or investors. They are affordability, sales and growth, rental yields, future development and employment strength. All three NSW regional markets have entry-level house prices well below Sydney's median, which was $1,645,444 in the December quarter on PRD data. By comparison, median house prices were $532,000 in Dubbo, $845,000 in Port Macquarie-Hastings and $820,000 in Shoalhaven, in 2024. PRD Real Estate chief economist Dr Diaswati Mardisamo said the cost of living was making it too difficult for people to stay in Sydney. Loading 'You have to hustle harder,' she said. 'In Sydney, the cost of living is getting very high. 'And so the question is, why should we do all of that? When we can have a house, and it's half the price of Sydney, and we're still able to find a job in that area. 'It's a total uproot, a total change of scenery because Sydney is just getting to be too hard.'
Sydney Morning Herald
10-05-2025
- Business
- Sydney Morning Herald
‘Golden opportunity': Victoria's top affordable tree-change towns
Three regional Victorian areas have been named among Australia's top affordable housing markets, as rising property prices in capital cities push buyers towards greener pastures. Bendigo, Greater Shepparton and Wodonga are listed as the best affordable regional areas where 'growth, value and lifestyle intersect' according to a new report by PRD Real Estate, Smart Moves: Regional Edition 2025. In the report, which covers 10 regional markets, PRD Real Estate applied five criteria to identify the 'most promising' areas for either home buyers or investors. They are affordability, sales and growth, rental yields, future development and employment strength. In Victoria's case, all three locations have house prices well below Melbourne's median, which was $894,500 in the December quarter according to PRD. By comparison, median house prices in the same period were $580,000 in Wodonga, $570,000 in Bendigo and $490,000 in Greater Shepparton. PRD Real Estate chief economist Dr Diaswati Mardiasmo described regional Victoria as 'a world of opportunities'. She said rising prices in Melbourne and loan conditions were prompting first home buyers to look elsewhere. 'Most of these [regional towns] are 40 to 45 per cent cheaper than Melbourne… You have a lot more choice if you are a first home buyer and [buying] under the first home grant … most of the stock in regional areas in Victoria fits underneath the price cap,' Mardiasmo said. She said the areas listed also appealed to investors due to affordability and less competition.
The Age
10-05-2025
- Business
- The Age
‘Sydney is just getting to be too hard': The top NSW tree-change towns
Three regional NSW areas have been named among Australia's top affordable markets for home buyers, as soaring property prices in Sydney continue to push them to look further afield. Dubbo, Port Macquarie-Hastings and Shoalhaven ranked as the best regional areas in the state for both affordability and future upside, according to a new report by PRD Real Estate, Smart Moves: Regional Edition 2025. In the report, which covers 10 regional markets, PRD Real Estate applied five criteria to identify the 'most promising' areas for either home buyers or investors. They are affordability, sales and growth, rental yields, future development and employment strength. All three NSW regional markets have entry-level house prices well below Sydney's median, which was $1,645,444 in the December quarter on PRD data. By comparison, median house prices were $532,000 in Dubbo, $845,000 in Port Macquarie-Hastings and $820,000 in Shoalhaven, in 2024. PRD Real Estate chief economist Dr Diaswati Mardisamo said the cost of living was making it too difficult for people to stay in Sydney. Loading 'You have to hustle harder,' she said. 'In Sydney, the cost of living is getting very high. 'And so the question is, why should we do all of that? When we can have a house, and it's half the price of Sydney, and we're still able to find a job in that area. 'It's a total uproot, a total change of scenery because Sydney is just getting to be too hard.'
