Take heart, property investors! While prices may have soared out of reach in some locations, there are still exciting prospects in others – even in the same city. Using a tried-andtested strategy, our three experts tip the winners for the years ahead.
If you listen to or read any mainstream media, you would think that property values all around the country are falling. But that’s not the full story. The market is broad and diverse, and as such is made up of hundreds, if not thousands, of sub-markets, each subject to a unique set of price influences. Yet given the strong media attention on Sydney and Melbourne, it’s easy to forget this. In fact, right now across Australia there are markets that are booming while, yes, there are others in decline. The true challenge or skill is knowing which one to buy in right now.
You’d have to have been living under a rock to not know about the recent boom in Sydney. From 2012 to 2017, most Sydney properties piled on about an extra 70% in value. That’s roughly $500,000. It’s fair to say that during that boom many Sydneysiders earned more from equity growth than they earned from working 9 to 5. But over roughly the same time Perth and Darwin were in price decline.
HOBART TAKES OVER
Sydney’s growth stopped at the end of 2017, although to highlight our point about sub-markets within markets, it didn’t happen everywhere. In fact, the median house price in the Waverley local government area to the east of Sydney’s CBD has grown by more than 10% in the first half of 2018. This area stretches from Dover Heights in the north to Queens Park and Bronte in the south.
While Sydney prices may have peaked generally and Perth prices look to have bottomed, the prices in the west haven’t changed significantly so far in 2018.
هذه القصة مأخوذة من طبعة September 2018 من Money Magazine Australia.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة September 2018 من Money Magazine Australia.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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