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Experts identify best cities to buy property
Property hunters after the best value should eye up properties in Brisbane and Melbourne, according to a recent survey.
Experts identify best cities to buy property
Property hunters after the best value should eye up properties in Brisbane and Melbourne, according to a recent survey.
Finder spoke to experts and economists and asked them which city they would buy a property in if they were to invest today.
Nearly a quarter of them picked Brisbane and Melbourne, while 13 per cent would search for property in Canberra or Sydney.
Nine per cent saw potential in Hobart. But Perth and Adelaide did not rate high, with only 4 per cent of experts enticed to invest there.
“While Melbourne and Brisbane are strong candidates for the most promising property market in Australia, it is a bit stunning to see Sydney perform relatively poorly,” Finder insights manager Graham Cooke said.
The results illustrate that it is essential to consider property in other parts of the country, he said.
“The state you live [in] doesn’t need to be the state where you buy. With many Sydneysiders grappling with housing affordability, rentvesting could be the way to go."
Although the majority of experts and economists were able to put their finger on a city they would invest, 13 per cent did not think it was the right time to buy a property.
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