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Which property markets will perform in 2015?

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Tim Lawless

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Which cities and regions will deliver the best returns to investors next year?

In 2015 I think we'll start to see a few cities start to over perform compared to their previous performance. So we've got Brisbane as probably the first candidate here, where transaction volumes are already picking up quite substantially. Rental yields are much healthier than what you'll find in Melbourne and Sydney, and there isn't as much of an affordability barrier in that market place. In fact the median house price in Brisbane is about 50% lower than what it is in Sydney now. I think the other market to watch, from a capital city perspective, will be Hobart. We are seeing Australia's most affordable capital city now showing some upwards momentum as well after a pretty solid correction in values. Adelaide's probably a bit of a roughy but I think we'll see consistent growth in that market place, probably not as strong as most other cities though. Probably held back a little bit by the down turn in the manufacturing sector. Regionally speaking, I think lifestyle marketplaces are starting to bounce back a bit now. Be a little bit wary of mining driven and resources areas until we start to see a turn around in commodity prices.

 

Listen to other instalments of The Smart Property Investment Show:
Episode 61: The ins and outs of strata: what buyers should consider
Episode 60: The pros of using a buyer's agent: why this investor brought someone in
Episode 59: How to invest in property as a team: two investors share their secrets
Episode 58: When do you stop investing? The SPI Show answers more listener questions
Episode 57: Wealth creation through property: trends and themes to think about in 2017
Episode 56: The SPI Show accountant reveals all: How to pick your financial team
Episode 55: The reluctant property investor: How necessity drove an 18-property portfolio
Episode 54: The SPI Show Q&A: Listener questions answered honestly
Episode 53: 6 properties in 2 years: how this investor is achieving his goals
Episode 52: Will property prices fall? When? And by how much? What investors need to know
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