Property market analysis
The property market in Melbourne is currently a two-sided coin. While some areas are slowing in growth, others are enjoying significant increases in property value. The difference is largely dependent on location and price point, where growth for lower-value properties in the outer suburbs of the city remains promising.
The property landscape in Brisbane is always changing – more now than ever before. Brisbane has an increasing population, which means newly built homes, investment in infrastructure, and job growth. These are all good signs for the Brisbane property market.
Sydney is Australia’s largest property market and has experienced a boom over the last ten years, largely due to population and job growth. However, a recent decrease in median property value indicates the market has entered its correction phase.
Perth is one of the most affordable major cities to purchase property in Australia. The market peaked in June 2014, and while property prices are currently down, trends indicate the market may start to enter its growth phase over the next few years.