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Your email address will not be published.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

Neville and Christine Lewis

Using the equity they had built up in their family home, Neville and Christine Lewis started investing in property in the early...

Read More

Alfonso De Guzman

Alfonso De Guzman’s focus on property investment in the past seven years has not only helped him and his family to provide for...

Read More

Belinda Fellows

Having a great mortgage broker can really help ease the stress and strain that comes with buying a property – particularly when...

Read More

Stay Connected