Melbourne continued its trend for biggest decline of all the major capital city markets by 0.2 of a percentage point and Brisbane fell by 0.1 of a percentage point.
Sydney, Adelaide and Perth all remained steady.
According to the experts, if you want to see how property could move in the future, it’s important to see how it moved in the past. New research from the Property Investment Professionals of Australia reveals that no one capital city remained the top performer in a 30 year period.
Going back as to the period from 1988 to 1992, Brisbane was the top performing capital city with house prices nearly doubling at 99 per cent.
Property Investment Professionals of Australia chairman Peter Koulizos said trying to determine a market that would be successful in the next cycle was difficult.
“But, the facts prove that Aussie investors and homebuyers over the past three decades have made solid returns across almost every capital city, depending on their ability to buy at the right time,” he said.
“Investors should seek independent advice to give themselves the best chance of getting the best returns on their money, as timing the property market can be just as important as time in the market.”