PRD Real Estate

Stay in the loop with all things real estate! Follow us on Instagram, Facebook, LinkedIn, & YouTube for insights, market updates, and tips.

[PRD Real Estate @PRDAustralia]

Stay in the loop with all things real estate! Follow us on Instagram, Facebook, LinkedIn, and YouTube for expert insights, market updates, and tips you won’t want to miss.

[PRD Real Estate @PRDAustralia]

🔑 Brisbane’s growing demand for new residential stock has pushed some unit prices higher than Sydney’s, creating a unique affordability challenge. #HousingMarket

[PRD Real Estate @PRDAustralia]

The RBA held the cash rate steady at 4.35% in its final meeting of 2024, with inflation at 3.5%, near the target range. This stability supports confidence as the year ends, despite global challenges. A positive sign for Australia’s economy. #PRDRealEstate #RBA

[PRD Real Estate @PRDAustralia]

10/ Final thoughts 🏡

The Help to Buy Scheme helps Australians enter the market sooner—but the devil is in the details.

If you're a first-home buyer, ensure you understand the full terms before committing! Read our insights: https://t.co/aX48zcvfdZ

Thoughts on HTB ?👇

[PRD Real Estate @PRDAustralia]

1/ 🚨 Big news for first-home buyers in Australia! 🚨

The Help to Buy Scheme has officially passed, aiming to help low and middle-income earners step into the property market. Here’s everything you need to know about this game-changing initiative 🏠👇

[PRD Real Estate @PRDAustralia]

9/ Is the Scheme a game-changer?

It could bring a wave of buyers into the market, especially if interest rates ease in 2025. However, risks remain:

- Buyers over-extending.
- Illusions of affordability for higher-priced homes.

[PRD Real Estate @PRDAustralia]

8/ The impact on first-home buyers so far:

Since COVID, Gov’t programs have boosted:
📈 23.6% more first-home buyers in 5 years.
📈 41.1% higher average mortgage commitments in 5 years.
The trade-off? Bigger FHB numbers → affordability pressures in the long term.

[PRD Real Estate @PRDAustralia]

7/ What happens if your income increases?

If you start earning above the threshold, you may need to repay part of the Gov’t’s share—either 5% or the full amount, depending on your situation.

[PRD Real Estate @PRDAustralia]

6/ The catch? The Gov’t owns a share!

If the home value rises, so does the Gov’t’s share (exceptions apply).
Ex:
- Buy at $500k, Gov’t owns 20%.
- Value increases to $600k → Gov’t’s share increase from $100K to $120k.
Renovations >$20k? The Gov’t share decreases slightly.

[PRD Real Estate @PRDAustralia]

5/ Property price caps apply! 🏡

Here are a few examples:
- Sydney: $950k
- Brisbane: $700k
- Melbourne: $850k
- Perth/Adelaide/Hobart: $600K

[PRD Real Estate @PRDAustralia]

4/ Who’s eligible?

✅ Australian citizens, 18+
✅ Earn up to $90k (individuals) or $120k (joint).
✅ Property must be your principal residence.
✅ Can’t already own property (some exceptions apply).
Full criteria: [https://t.co/O3oqINbFLC]

[PRD Real Estate @PRDAustralia]

3/ How does it work?
- Buyers need a 2% deposit.
- The Gov’t contributes up to 40% of the purchase price (new builds) or 30% (existing properties).
- Buyers cover costs like stamp duty & legal fees.
Ex:
Buy a $500k home? You’d need min $10k deposit, Gov’t chips in up to $200k!

[PRD Real Estate @PRDAustralia]

2/ What is the Help to Buy Scheme?

A national shared equity program that allows eligible buyers to purchase their first home with a Federal Government equity contribution. Administered by Housing Australia, it targets 40,000 households over 4 years (10,000 annually).

[PRD Real Estate @PRDAustralia]

Now available! Your go-to guide for Affordable and Liveable suburbs in Metro areas in 2024 is here!  
Discover the top spots to live or invest with our latest insights. Explore the guide today: https://t.co/xjwhtJh2IH

[PRD Real Estate @PRDAustralia]

Today the RBA has decided to keep the cash rate stable, at 4.35%.
Although many households and mortgage holders might be disappointed, the RBA has taken this stance to ensure that inflation remains on a declining trend and does so in a sustainable manner.
#Cashrate #RBA

[PRD Real Estate @PRDAustralia]

Housing affordability has significantly worsened over the past five years. The national decline stands at 15%, with Sydney experiencing the most drop at 20.1%. QLD and SA have also seen decreases. 
Find out more: https://t.co/JLXkLZfkWp
#housingmarket #economy #affordability

[PRD Real Estate @PRDAustralia]

Across all the greater capital cities we are witnessing a market recovery, albeit at different speeds. 
Gtr Brisbane grew by 17% in the past 12m outpacing Gtr Melbourne at 14.6% (to June '24).
Our latest report: https://t.co/5WLCNDOZg4

[PRD Real Estate @PRDAustralia]

How does Australia's property market stack up globally? We've compared prices and affordability to other major economies. 

Find out more in our latest report: https://t.co/YZoE30uhmh

#property #globalmarket #Australia

[PRD Real Estate @PRDAustralia]

While the national economic wheel turns steadily, the property market gears are spinning at difference speeds in different regions.

Find out more in our latest report: https://t.co/Mn2lCTrYzh

#propertyreport #insights #realestate

[PRD Real Estate @PRDAustralia]

In Q2 2024, Palm Beach's median house price reached $1,762,500 (up 11.6%), and units hit $945,000 (up 6.5%). Sales fell by 9.1% for houses and 2.9% for units, indicating a tight market and rising prices.

🌴See what’s happening in the Palm Beach: https://t.co/h7VRWcHecp