Not surprising really. From ABC Online.
Not surprisingly, Adelaide missed the list. You can tend to see how well a place is doing by looking at the number of cranes in the CBD — Adelaide doesn't have too many, while I did notice Brisbane in February did have a large amount of development going on.
A snippet from the article:
So I suppose, long term, that investing in these cities would yield the greatest capital growth; and would, in general, fair better in less buoyant times in the property cycle.
Food for thought.
Not surprisingly, Adelaide missed the list. You can tend to see how well a place is doing by looking at the number of cranes in the CBD — Adelaide doesn't have too many, while I did notice Brisbane in February did have a large amount of development going on.
A snippet from the article:
New figures on population growth in Australian cities are putting pressure on governments to manage urban sprawl.
The Australian Bureau of Statistics' latest data show that the rate of new arrivals in Sydney has halved since the Olympic year of 2000, and that Melbourne, Brisbane and Perth have firmed as the nation's fastest-growing cities.
Demographer Bernard Salt, a partner with KPMG and the author of The Big Shift, has documented the so-called 'sea change' phenomenon.
"Every 10,000 people that move to a city take with them $80 million in new retail spending," Mr Salt said. "That will create demand for around 3,000-4,000 new households or houses.
"Population growth generates wealth. It also contributes in some way to urban sprawl but that really is up to the city to manage that growth.
"It's a double-edged sword. On the one hand, it is economic growth; on the other hand, there is the necessity to manage the sprawl."
So I suppose, long term, that investing in these cities would yield the greatest capital growth; and would, in general, fair better in less buoyant times in the property cycle.
Food for thought.