With the multi tiered markets, both in Sydney and Melbourne, it is almost impossible for anyone to describe the state of the market, either as rising, peak or declining.
HTW Aug report had Melbourne at its peak of the cycle (in red, meaning higher risk/ over heated market) however then changed it to Rising market (in blue- less risk) the very next month - Sep report..!
Inner melbourne has had highest growth within a year in decades (in the last 12 months) whilst outer had remained stagnant. generally speaking (with some exceptions).
I used to get every report under the sun previously however wouldn't look at them now beyond getting some genral understanding of niche markets or for its entertainment value..!
Inner melbourne is still going strong (though I doubt it will do that for a long time) and some outer bayside suburbs started moving 6 months ago and going very strong.
Similarly parts of Adel (Elizabeth et al) are doing exceptionally well.
In essence, with such fragmented market conditions in each large city, I woudl look at opportunities in the growth corridors of those cities rather than basing my decision on the general outlook of the state.
Harris
Hello all,
Herron Todd White rate Sydney and Brisbane in the Property Market Indicator list as recovering - rising market in the property cycle. Melbourne and Adelaide, both peaked.
But we all know Brisbane has risen for a while, and Melbourne market is still VERY HOT. Adelaide price is till low.
Is it right? Any comments?
