Brighter Selling

Brisbane and Hobart to lead growth

by Kate Watt, Marketing Manager 13 April 2016

In recent years, the Australian property market has been a tale of two cities: Sydney and Melbourne, both of which have recorded impressive gains.

With these capital cities now coming off the boil, investors are looking for new growth hot spots to park their dollars.

A new tale of two cities is emerging as Brisbane and Hobart become the new investor favourites.

The story of our River City and the Apple Isle is likely to feature steady, sustained gains over the coming years ­– unlike the mad dash to precarious heights that Sydney has experienced, Domain reports.

And so far the numbers are matching the rhetoric.

The Australian Bureau of Statistics Residential Property Price Index rose 2.5 per cent in Hobart and 1.6 per cent in Brisbane over the December quarter.

Domain Group data for the 12 months to January 2016 also showed solid growth in median house prices in both cities.

So how does this new tale of two cities end?

While housing affordability will attract the investors today, longer term economic performance will determine how much growth occurs, and when, according to Domain.

Want to buy in a steady growth market? View our current listings for sale.

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