- September 18, 2018
- Posted by: Rogers Property Group
- Category: Australian Property Market, Brisbane Property Market, International Property Market, Latest News, Property Investment, Queensland Property News
The most recent data has been released on the growth rates of the various Capital City property markets. While overall the median house price of Australia dropped, Brisbane, Adelaide and Hobart increased. The reason for the overall drop is due the majority of Australian property being held in Sydney and Melbourne that have now finished their growth cycles and now remain steady or even a very small decline. Sydney and Melbourne comprise approximately 60% of Australia’s housing market by value, and 40% by number, the weaker performance in these cities has a significant drag down effect on the combined capitals.
Don’t be fooled by looking at Australia as one property market. It is made up of many submarkets that operate and perform independently of each other. As an investor, you need to be taking this cyclical action into account in order to get the best gains.