Property values combined across Australian capital cities have increased by a total of 40.5% and units rose by 42.2% for units over the last 5 years. Source RPDATA/ABS. So which locations will show above average growth for property investment over the next 5 years? Statistical experts say that these would be the locations that showed growth below the 45% range for last 5 years. Based on the graph below this would indicate that the two locations that would appear to be the stand out for property investment would be Sydney and Brisbane.
Individual capital city house performance*
Sep-05 to Sep-10
|
City |
Sep-05 | Sep-10 | Totals | |||
| Median
Price |
Median
Rent |
Median
Price |
Median
Rent |
Total median
price change |
Total median
rent change |
|
| Sydney | $477,051 | $394 | $582,000 | $527 | 22.0% | 33.8% |
| Melbourne | $310,006 | $276 | $499,000 | $399 | 61.0% | 44.6% |
| Brisbane | $329,847 | $297 | $460,000 | $394 | 39.5% | 32.7% |
| Adelaide | $270,723 | $261 | $400,000 | $346 | 47.8% | 32.6% |
| Perth | $324,138 | $241 | $480,000 | $386 | 48.1% | 60.2% |
| Hobart | $260,303 | na | $340,000 | $312 | 30.6% | na |
| Darwin | $278,220 | $323 | $535,000 | $570 | 92.3% | 76.5% |
| Canberra | $374,020 | $360 | $555,000 | $499 | 48.4% | 38.6% |
| Source:rpdata.com. RP Data-Rismark Home Value Index | ||||||
In a recent interview John Marasco from Colliers International said “property is working in a 7 year cycle at the moment our market is in recovery- this is where the opportunity is to buy and hold – look for property with growth rather than return and good infrastructure is key”. Brisbane’s Long Term Infrastructure Plan will see approximately $92 billion injected into the economy over the next 20 years.
Investors should defiantly be considering property investment in Brisbane now for potential investment opportunities.
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