What do you think will be the best Capital City for growth/less affected by downturn?
- Thread starter INVSTOR
- Start date
Bananas??? U mean Cairns???
Hearing the same thing about NSW and the Aussie economy as a whole .
Hasn't stopped property going up.....
Cliff
Interest rates have been the trigger , but the long flat period and the pent up demand have set the field of play for interest rates to do their work on .
Once the market starts moving , more people will jump on because they see the opportunity or they're worried about missing out , or because everyone else is doing it . It becomes a self fulfilling profesy , which is something the fundamentalist miss out on understanding . To them the facts and figures are everything . I believe in facts and figures but the one I listen to is the trend of the price action . If its going up it means more people are becoming interested and as above that just feeds on itself .
Cliff
Once the market starts moving , more people will jump on because they see the opportunity or they're worried about missing out , or because everyone else is doing it . It becomes a self fulfilling profesy , which is something the fundamentalist miss out on understanding . To them the facts and figures are everything . I believe in facts and figures but the one I listen to is the trend of the price action . If its going up it means more people are becoming interested and as above that just feeds on itself .
Cliff
Well here are my thoughts (2 cents worth):
1. Greater Sydney - I see growth in the Western corridor outside of blakctown...too much hype there and house has bolted. Campbelltown, Liverpool, Penrith, Bankstown, and South are better options
2. Perth - I would say outer surburbs (25-50klms) with good raillinks are looking cheap again. Inner City apartments are overdone and some of the older property 15-25klms are looking expensive.
3. Central Coast (NSW), Wollongong, and Newcastle will get the flow one from Sydney
4. Brisbane and Sunshine Coast - I believe real growth is still 18 months away
5. Melbourne - again the more affordable areas will move quicker. Believe real growth is 2 years away.
A lot of this will be driven by populatoin growth.
1. Greater Sydney - I see growth in the Western corridor outside of blakctown...too much hype there and house has bolted. Campbelltown, Liverpool, Penrith, Bankstown, and South are better options
2. Perth - I would say outer surburbs (25-50klms) with good raillinks are looking cheap again. Inner City apartments are overdone and some of the older property 15-25klms are looking expensive.
3. Central Coast (NSW), Wollongong, and Newcastle will get the flow one from Sydney
4. Brisbane and Sunshine Coast - I believe real growth is still 18 months away
5. Melbourne - again the more affordable areas will move quicker. Believe real growth is 2 years away.
A lot of this will be driven by populatoin growth.
