- June 5, 2018
- Posted by: Rogers Property Group
- Category: Australian Property Market, Latest News, Melbourne Property Market, Sydney Property Market
Sydney and Melbourne prices have reduced for the seventh month in a row while the Brisbane market continues to creep up.
Sydney has come back 4.5% from their August 2017 high and Melbourne has come back 1.7% from their November high. Overall these reduction have been fairly minor compared to the significant growth they have shown over the last 6 years. This is to be expected once demand and supply start to even out.
Clever investors are now looking further afield for good gains and most will have Brisbane on their radar at the moment. Brisbane has very much been a slow burning market over the last 8 years and while only creeping up slowly, doesn’t show any signs of slowing in the short to medium term.