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.
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.
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.
DISCLAIMER: The information contained in this article is correct at the time of publishing and is subject to change. It is intended to be of a general nature only. It has been prepared without taking into account any person’s objectives, financial situation or needs. Before acting on this information, Smartline recommends that you consider whether it is appropriate for your circumstances. Smartline recommends that you seek independent legal, financial, and taxation advice before acting on any information in this article.