This was the question Finder asked a bunch of experts and economists in a recent survey.
So what was the verdict? The winner is Brisbane …. and Melbourne.
“Sydney has traditionally been Australia’s darling in the property market, but it is no longer the belle of the ball,” Finder insights manager Graham Cooke told Property Observer.
“The ratio of house prices relative to income is still higher in Sydney than in other cities, which may slow the bounce back somewhat compared to Melbourne and Brisbane.”
Some 27 per cent of experts surveyed nominated Brisbane as the top spot for investment, alongside Melbourne.
Sydney attracted just 14 per cent of the vote. Perth was awarded the wooden spoon in a tied last place with Adelaide.
While we’re not surprised to see Brisbane on top, we think the split of responses across the board shows the different dynamics present across our capital city markets.
And, importantly, there are different dynamics within each capital city too. If you’re thinking of buying, it’s important to do your local research to find out what’s going on at a suburb level.
Check out the experts’ capital city picks for property investment:
- Brisbane 27%
- Melbourne 27%
- Sydney 14%
- Canberra 14%
- Adelaide 9%
- Perth 9%