It can be a risky game: underlying demand and supply will determine long term performance so always read hot spot tips with caution.
But it can pay to know what the experts are thinking, so NAB asks around 260 property professionals for their forecasts each quarter.
On the whole, NAB concluded the Australian property market is in for an “orderly adjustment” after many years of strong growth, particularly in the southern states, reports Business Insider.
While that might be the conclusion for the broad-brush average performance of the Aussie market, within our vast nation lie many separate markets.
The property professionals surveyed identified #25 Aussie markets they believed would display above average growth over the next 12 months – with six of those here in Queensland.
In no particular order, check out the Aussie spots experts tip for above average growth in the next year:
- Brisbane, Qld
- Coomera, Qld
- Gold Coast, Qld
- Logan, Qld
- Pimpana, Qld
- Sunshine Coast, Qld
- Box Hill, NSW
- Newcastle, NSW
- Redfern, NSW
- Surry Hills, NSW
- Sydney, NSW
- Wickham, NSW
- Armadale, Vic
- Brighton, Vic
- Footscray, Vic
- Frankston, Vic
- Kew, Vic
- Melbourne, Vic
- South Yarra, Vic
- St Kilda, Vic
- Nairne, SA
- Armadale, WA
- Bentley, WA
- Perth, WA
- Scarborough, WA
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