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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 52: Will property prices fall? When? And by how much? What investors need to know
Episode 51: SPECIAL EPISODE: SPI team reveals all the financial details of its portfolio
Episode 50: 8 properties by 25: Former housing commission kid reveals how he changed his life and created wealth
Episode 49: How to build a sophisticated multi-property portfolio
Episode 48: ‘From just $2,000 in my pocket to 6 properties’
Episode 47: The SPI Show answers more listener questions: Special episode
Episode 46: 4 properties by 24 – how to build a portfolio without sacrificing fun, travel or food
Episode 45: Special guest Mark Bouris on what really makes property prices rise and when to invest
Episode 44: ‘11 properties by 31, now I’m stuck: What’s next?’
Episode 43: 22 properties by 30: Can Generation Ys build massive portfolios?
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