Where will property values be in three years?

Share

The annual QBE Australian Housing Outlook (2017-2020) report has just been released.

This report, produced by BIS Oxford Economics, has a remarkably accurate track record when it comes to forecasting capital growth rates.

Here is a summary of their median house price predictions.

QBE Outlook Median House Price

As you can see, it appears that Sydney’s boom is predicted to run out of steam, while Canberra, Melbourne, Brisbane, Adelaide, Hobart and even Perth are looking at some capital growth over the next three years.

Median unit prices are not predicted to perform as well overall; however, Adelaide, Hobart and Canberra are forecast to experience modest growth.

QBE Outlook Median Unit Price

Although it is said that 90 per cent of property investors buy within five kilometres of their home, these predictions certainly show that a more logical approach might be to follow the growth cycle.

Property investing starts with a mortgage pre-approval. Get in touch with your Smartline Adviser to get your investment ball rolling.

Share

Leave a Reply

Your email address will not be published. Required fields are marked *

Stay Connected

Client stories

Linda and Trevor Friend

Linda and her husband Trevor had their mortgage with one of major banks for years. With rates going down steadily, the time had...

Read More

Kimberley Harrison

Kimberley and her partner Todd were looking at buying a home together. They had each contacted their respective banks but were...

Read More

Steve Moran and Andrea Bernard

Steve Moran and Andrea Bernard have always been focused on managing their money and maximising opportunities to grow their...

Read More

Stay Connected