PRDnationwide Opens New Real Estate Agency on Brisbane's Bayside
|  PRDnationwide Wynnum Manly
| PRDnationwide's new Wynnum Manly office will set a benchmark for real estate service while paving the way for local employment and business prospects in the Bayside region. PRDnationwide managing director Jim Midgley said the new office is owned by Peter Eastgate. "Peter has forged a successful real estate career and is attracting business and recruiting staff" he said. Mr Midgley said PRDnationwide has a strong presence around Australia with 130 offices around the country. "The Wynnum Manly office will add further strength to the group's market position," said Mr Midgley. "Mr Eastgate has top level experience in both residential and commercial real estate and has lived and worked in the Bayside are for over twenty years," he said.
| Media - PRDnationwide Wynnum Manly
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House prices in the central suburbs of Brisbane on the rise
|  Josh Brown
| Queensland suburbs close to the CBD are the first to show signs of significant price recovery, new research reveals. The top ten suburbs in Queensland which recorded the highest price growth in the twelve months to March 2010 have been identified by PRDnationwide research. Jim Midgley, PRDnationwide managing director said eight out of Queensland's top ten growth suburbs were located within 17km of the Brisbane CBD. "Topping the list for best price growth was Ascot in Brisbane's north - registering an astonishing 64.1% per cent increase," he said. Report author, PRDnationwide research analyst Josh Brown said St Lucia recorded the second highest price growth of 59.6%, followed by Hawthorne (34.6%).
| Media - Best Price Growth in QLD
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Buninyong Region Population Booms
|  Dan O'Halloran
| The Buninyong Region has potential for strong price growth, research by PRDnationwide reveals. Jim Midgley, PRDnationwide managing director, said the latest findings showed Buninyong was witnessing a population growth explosion. "Buninyong is now home to 3404 residents - an outstanding population growth rate of 7.8 per cent," he said. This means 85 new dwellings are needed in 2010 to accommodate the 246 new residents.
| Media - Buninyong Population
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House Prices Up in Tamworth
| Josh Brown
| Houses and units have recorded strong capital growth in Tamworth, according to new research released by PRDnationwide. Jim Midgley, PRDnationwide managing director, said while prices had been quite stagnant over the past five years - the most recent 12 month period had seen a 3.7% jump to reach a median house price of $251,000. "It is this affordability which makes owning a home in this region financially viable, consequently driving demand for property," he said. "During the past 12 months the Tamworth LGA has experienced an increase in demand with sales activity rising 20.1% to 535 sales, from the 444 transaction recorded over the December 2008 half year."
| Media - Tamworth
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Sydney's top suburbs revealed
| 
Jim Midgley |
Managing Director
| PRDnationwide research highlights best growth suburbsFour out of five Sydney suburbs recording the most growth in sales activity are located within between 40km and 80km to the north of the CBD, new research by PRDnationwide reveals. All suburbs within Sydney Statistical Division which registered a growth in the volume of house sales of more than 80% have been identified by PRDnationwide Research. Watanobbi, 70km north of Sydney, topped the list recording a whopping 105% growth in the number of house sales between 2008 (43 sales) and 2009 (88 sales). Jim Midgley, PRDnationwide managing director, said Watanobbi is an affordable suburb registering a median house price of $277,500 and is located on a major transport corridor serviced by rail and highway which has helped drive increased demand in this area. Cabramatta West recorded an impressive 90% jump in volume of house sales from 31 in 2008 to 59 in 2009. The median house price is now sitting at $376,000. "The areas experiencing the greatest growth in sales offer a high degree of amenity and are well serviced by transport corridors," said Mr Midgley. "Another contributing factor to the steady growth in these regions is the general affordability of housing variations in most locations with a variety of housing options to suit all tastes and budgets."
| Media - Sydney's Top Suburbs Revealed
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House prices up - Sales down in Caboolture
| Josh Brown
| House prices have gone up by nearly 7 per cent in the Caboolture Area, a new report by PRDnationwide reveals. For the purposes of this report, the Caboolture Area consists of the following suburbs; Bellmere, Burpengary, Caboolture, Caboolture South, Kallangur, Morayfield, Narangba, North Lakes and Upper Caboolture. Jim Midgley, PRDnationwide managing director, said the median house price jumped by $24,500 (6.8%) to reach $384,000. "The general affordability of the Caboolture Area house market has embedded robustness in this market and provided strong growth over most recent two years," said Mr Midgley. "When compared to many other Australian property markets, the Caboolture Area house market has seen little softening in price following the Global Financial Crisis," he added.
| Media - Caboolture May 2010
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New Property Research released on Whitsundays and Airlie Beach
| Josh Brown
| Holiday housing markets in the Whitsundays and Airlie Beach have started to stabilise following a 12 month drop in prices. New research released by PRDnationwide shows median prices had softened by 7.4% during the most recent six month period after a prolonged softening in price and sales activity. Jim Midgley, PRDnationwide managing director, said decreases in median price will afford investors the opportunity to capitalise on low sales activity and discounted prices. "The Whitsundays market is first and foremost a holiday market and as such has incurred the pinch of tightening credit from the Global Financial Crisis," he said. "Over the most recent six month period however, median price has stabilised with the strengthening Australian economy, strong consumer sentiment and business confidence," he said.
| Media - Whitsundays and Airlie Beach
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Property Prices to get a Boost thanks to Infrastructure Spending in Wagga Wagga
|
Jim Midgley |
Managing Director
| There is $843 million worth of infrastructure projects in the pipeline for Wagga Wagga, according to research released today by PRDnationwide. The redevelopment of the Wagga Wagga hospital and Hume Highway Bypass are just a few of the projects set to inject the local property market, says PRDnationwide managing director Jim Midgley. Mr Midgley said the $100 million Riverside Precinct featuring entertainment, residential and educational hubs would also be a boost for the inland city. "Wagga Wagga's historical stability and confirmed infrastructure funding maintain the allure for local and external property purchasers," said Mr Midgley.
| Media - Wagga Wagga
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Poll Shows Home Hunters Deterred by Floods and Main Roads
| 
Aaron Maskrey
| A poll released by PRDnationwide shows 41% of home hunters believe a flood prone property is the biggest deterrent in purchasing a home. Thirty per cent of respondents said they would be most deterred by position on a main road, while 16 per cent would not purchase a property based on poor reputation of a suburb. PRDnationwide managing director Jim Midgley said only small numbers of buyers were put off by too much renovation needed (9%) or poor landscaping (4%)
| Media - Deterrent Poll
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Price growth up, sales down in Greater Ipswich
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Jim Midgley |
Managing Director
| The number of house sales in Greater Ipswich has dipped by 12 per cent compared to 12 months ago, new research by PRDnationwide reveals. For the purpose of this report the area described as Greater Ipswich incorporates the suburbs of Basin Pocket, Blackstone, Booval, Brassall, Bundamba, Churchill, Coal Falls, East Ipswich, Eastern Heights, Flinders View, Ipswich, Leichhardt, Moores Pocket, Newtown, North Booval, North Ipswich, One Mile, Raceview, Ripley, Sadliers Crossing, Silkstone, Tivoli, West Ipswich, Woodend, Wulkuraka and Yamanto. Jim Midgley, PRDnationwide managing director, said the decreased demand was due to the withdrawal of the First Home Owners Boost, rising interest rates and strict lending requirements. "However, the general affordability of this market still presents many first home buyers with an attractive opportunity to purchase new homes at an affordable price," said Mr Midgley. Mr Midgley said the research shows that house prices in the Greater Ipswich area have increased by 6.6 per cent to reach $309,000.
| Media - Greater Ipswich
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Quarterly Economic & Property Report Released by PRDnationwide
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Aaron Maskrey
| An economic and property snapshot produced by PRDnationwide reveals a healthy property market, increased business confidence, and continued population growth. Figures published in PRDnationwide's Quarterly Economic & Property Report show business confidence has hit a sixteen year high and commodities increased 1.9 per cent. Report author Aaron Maskrey, said during March 2010, consumer sentiment increased in Queensland (10%), South Australia (2.6%) and New South Wales (0.3%), but fell in Victoria (6.1%) and Western Australia (1.7%). "The successive rises in the cash rate has lead consumers to act conservatively - consumers are now more likely to use savings to reduce their debt, rather than to spend," he said.
| Media - Quarterly Economic Report
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House prices on the rise in Warrnambool
| Dan O'Halloran
| House prices are up by 1.7% in Warrnambool - but the ten year growth rate of 9.5% per annum demonstrates the true direction of this region, new research by PRD Jens Gaunt reveals. The median house price climbed to $305,000 in the six months to December, 2009 and the volume of sales remained reasonably active throughout 2009. PRD Jens Gaunt managing director Jim Midgley said 524 houses were sold during 2009 - a 12.2% increase compared to 2008.
| Media - Warrnambool
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PRD Jens Gaunt Launches New Office in Creswick
|  Neil Jens
| Neil Jens, Managing Director of PRD Jens Gaunt Ballarat, today announced the opening of a branch office in Creswick. The branch office will form part of the Ballarat office and will officially open on Friday on May 28, 2010 at 12.00 pm. Mr Jens believes the move will allow the group to mirror the success and innovation of the Ballarat office into the Creswick market place. "The Ballarat office has a very strong market presence and we feel this will be replicated in Creswick. It's all about enhancing the real estate experience for the people of Creswick and the surround districts' he said.
| Media - Creswick
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Gold Coast Hot Spots Revealed
| Aaron Maskrey
| After seeing property values fall under the weight of the global economic downturn, Gold Coast properties are forecast to regain its luster. "The Gold Coast is a unique part of Australia with a great variety of living options ranging from absolute waterfront, river, canal, golf course and lakefront to hinterland acreage properties," said Aaron Maskrey, research director with PRDnationwide. "These varied choices continue to make the Gold Coast a popular place to live. Many factors combine to create strong population growth and there are no indications this will not continue. With population growth comes demand for residential accommodation and non residential development. This continued demand should hold the Gold Coast in good stead going forward."
| Media - GC Hot Sports Revealed
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Palm Beach Market Recovers
| Josh Brown
| Signs of recovery are emerging in the Palm Beach area with property prices up, new research by PRDnationwide reveals. The report by PRDnationwide researcher Josh Brown, examined the suburbs of Palm Beach, Elanora, Currumbin, Currumbin Waters, Tugun and Bilinga.
| Media - Palm Beach Market Recovers
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Top 5 Revealed
| Josh Brown
| Brisbane resale market set for growthThe top 5 performing apartment blocks in Brisbane have been identified by new PRDnationwide research. Topping the list - registering a whopping 15.8% growth per annum per year for the past five years - was Abbey Apartments at 160 Roma Street. According to report author Josh Brown, PRDnationwide Queensland research analyst, the complex was the only one in Brisbane to reach growth over 15 per cent.
| Media - Resale Analysis, Media - Brisbane Resale Market Set for Growth
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Buyer Swoops on Entire Block
|  Nick Mcguire Principal | New Farm
| Four luxury townhouses sold by PRDnationwideA Queensland buyer has snapped up four luxury townhouses in a mortgagee sale handled by PRDnationwide New Farm. A Brisbane investor paid almost $6 Million cash for the properties at 69 Kingsholme Street, New Farm, on Brisbane's inner North. Nick McGuire, director of PRDnationwide New Farm, said while the four townhouses were offered for sale separately, the buyer was eager to secure all four.
| Media - Buyer Swoops on Entire Block
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Buying a Beach House Back on the Agenda
| Aaron Maskrey
| There is renewed interest in owning a holiday home, according to PRDnationwide. Whether as a destination to vacation or as an investment property to rent out - second home purchases are set to take off again. "Aussies, buoyed by the country's healthy economy, are tipped to return to the holiday market," said PRDnationwide research director Aaron Maskrey. "The idea of having a beach shack or country cabin to get away to on weekends is enormously attractive," he said.
| Media - Buying a Beach House
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Southern Gold Coast Popular with Buyers
| Josh Brown
| The number of house sales in the Coolangatta area has risen by a whopping 43%, new research by PRDnationwide reveals. A total of 314 houses were sold between April and September 2009. PRDnationwide research analyst Josh Brown said although sales were up, prices were down.
| Media - Southern Gold Coast Popular
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Victorian top suburbs revealed
| Josh Brown
| Seven in ten of Victoria's suburbs recording the most growth in sales activity are located within 40km of the Melbourne CBD, new research by PRDnationwide reveals. All suburbs within Victoria which registered a growth in the volume of house sales of more than 70% have been identified.
| Media - Victorian Top Suburbs
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What the Next Decade May Hold for Real Estate
|  | The next decade will hold many changes for the real estate industry, according to a survey of PRDnationwide agents. Most PRDnationwide agents polled said there will be less face-to-face contact with agents, more reliance on technology and more international buyers thanks to travel times to Australia reducing.
| Media - Next Decade Holds
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Gold Coast 30 Year Sales Cycle
| Aaron Maskrey
| The Gold Coast local real estate market has experienced strong and consistent median house price growth over the past 30 years, with only slight anomalies along the way -- one of which we are experiencing currently. Research conducted by PRDnationwide research director Aaron Maskrey shows the Gold Coast housing market experienced almost seven full years of strong, positive median house price growth until the start of 2008 when the market witnessed a downturn.
| Media - Gold Coast 30 Year Sales Cycle
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Tony Proud to Chalk up 48 Years
|  Tony Pascale
| After 48 years and millions in property sales PRDnationwide Nucifora principal Tony Pascale has cemented his reputation as one of Liverpool's most experienced industry veterans. Mr Pascale this month celebrates 48 years in real estate in Liverpool, marketing an array of notable Liverpool properties to both local and interstate buyers over the past 5 decades.
| Media - Tony proud to chalk up 48 years
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PRDnationwide Caroline Springs Opening
|  PRDnationwide Caroline Springs
| A national real estate company with a strong local focus opened its doors in Caroline Springs on Tuesday, February 9. Local resident and successful real estate agent Andrew Majdlik is behind the official opening of the first metropolitan Melbourne PRDnationwide office.
| Media - PRDnationwide Caroline Springs
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Renovating Doesn't Always Pay Off
| 
| Renovation jobs are adding less to resale values relative to their costs, according to a survey of PRDnationwide real estate agents. Average remodelling jobs costs thousands of dollars but sellers just aren't recouping the costs come sale time, agents say. Most PRDnationwide agents polled said while the renovated properties will generally sell quicker, it may not pay.
| Media - Renovating
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Toowoomba Housing Market Strong
| Josh Brown
| Toowoomba is bucking a state-wide trend to record increased home prices and sales volumes, a new report by PRDnationwide reveals. While most areas in Queensland experience either a drop in sales or a drop in house prices, Toowoomba is forging ahead experiencing a 7.6% jump in prices and 26% spike in sales volumes.
| Media - Toowoomba Housing Market Strong
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PRDnationwide Sales on the Rise
| Jim Midgley | Managing Director
| PRDnationwide has reported over $720 million worth of property sales in the three months to December. Managing Director Jim Midgley said Queensland lead the way. "We have achieved sales of more than $377 Million in Queensland which is 18.7% higher compared to the same period last year," he said.
| Media - Sales on the Rise  (17 kb)
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Brisbane Top of Investors List
| Aaron Maskrey
| Brisbane has the best property investment opportunities in Australia, according to a poll released today by PRDnationwide. Forty-five per cent of respondents said Brisbane has the best investment opportunities, while Sydney accounts for 25 per cent.
| Media - Brisbane Top of Investors List
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Whitsundays Hotspot for Investment
| Josh Brown
| A drop in the median house price in the Whitsundays region has led to an increase in investors buying property in the area. House purchases by investors have resulted in a 19 per cent increase in sales activity during the six-month period to the end of September 2009, bringing the total number of sales for the period to 83.
| Media - Whitsundays Hotspot for Investment
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Volume of house sales up by 40% in Ballina
| Josh Brown
| A new report released by PRDnationwide examines northern NSW towns including Ballina, Cumbalum, East Ballina, South Ballina, Skennars Head and Lennox Head.
| Media - Ballina Research
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Poll Shows Home Buying a Joint Decision
| Aaron Maskrey
| A poll released today by PRDnationwide shows buying property is a joint decision in 65 per cent of households. Nineteen per cent of respondents said it was the male who made property purchasing decisions, while women account for a close 16 per cent. PRDnationwide research director Aaron Maskrey said the results were not surprising.
| Media - Buying Trends
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Dapto Property Watch
| 
Mat Tiller
| This report focuses on the postcode of 2530 which includes 13 suburbs within the Wollongong
area. The report provides a demographic overview of the area and also highlights the
performance of the real estate market within the region.
| Media - Dapto Property Watch
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PRDnationwide Yamanto Opening
| 
Yamanto Opening
| PRDnationwide has opened new premises at Yamanto on Brisbane's west - as demand for affordable property near Ipswich continues to boom. Long time Ipswich real estate agent Peter Mendoza has opened PRDnationwide Yamanto to help cater for the demand experienced by his PRDnationwide Ipswich office.
| Media - Yamanto (19 kb)
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PRDnationwide Kingaroy Opening
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Kingaroy Opening
| PRDnationwide has opened new premises at Kingaroy, 200km North West of Brisbane. Respected Kingaroy real estate agent Leanne Stallwood has rebranded her business from RealWay to PRDnationwide Kingaroy. Ms Stallwood's sister Anitta will help operate the business which began trading as PRDnationwide on August 24. Ms Stallwood said the change of face was about moving with the times in the interests of her client base that she had nurtured for five years.
| Media - Kingaroy (19 kb)
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PRDnationwide Push Into Domestic Real Estate Market In Victoria
| 
PRD Jens Gaunt
| PRDnationwide - the residential franchise subsidiary of Colliers International - has secured a commercial interest in one of Victoria's biggest regional realtors, Jens Gaunt. The announcement comes at a time when most real estate firms are suffering from the country's softer property conditions. "This is a significant event in the businesses history," said PRDnationwide managing director Grant Dearlove. "It's always been a part of our strategy to grow the business into regions where our brand does not exist," he said. "We will now have eight offices in Victoria from which to grow."
| Media - PRD Jens Gaunt (23 kb)
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PRDnationwide Surfers Paradise Opening
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Surfers Paradise Opening
| PRDnationwide has opened new premises at Surfers Paradise on the Gold Coast - the birthplace of the real estate giant. Long time Surfers Paradise real estate agent Sandra Scott has rebranded her business from Professionals to PRDnationwide Surfers Paradise. Sandra, her husband Colin and sons Adam and Trent are equal partners in the business which began trading as PRDnationwide on August 3.
| Media - Surfers Paradise Opening (19 kb)
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|  | Kate Boddington
Media Manager | National Franchise Services PRDnationwide
GPO Box 2750
Brisbane QLD 4001
Ph: 0418 754 281
media@prd.com.au
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