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Royal

Royal

Content Editor at Justprop.com.au, Sydney

Brisbane, Adelaide, Canberra, Perth and the Sunshine Coast are identified as having the best growth prospects. Sydney and Melbourne missing from top 5 chart.

3Mo ago 0 Replies 95 Views
With property prices rising, the five locations that will see even bigger growth have been revealed. With two notable cities missing.

It seems there’s no stopping Sydney and Melbourne’s extremely hot property markets, with several months of strong price growth continuing into the new year.
But there are storm clouds on the horizon, a leading expert warns, with savvy investors beginning to focus their attention elsewhere.
In what’s traditionally a quiet month, the sharp real estate growth trend continued in January – and not just in the two biggest markets – with prices rising in every capital across Australia.
Median dwelling values were up 1.1 per cent in Sydney, adding to a total annual increase of 7.9 per cent, and rose 1.2 per cent in Melbourne, for a yearly rise of 8.2 per cent.
And in a sign that buyers remain extremely confident, auction clearance rates in the NSW capital for the first weekend of February were a staggering 77 per cent.

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