A four-bedroom home at 25 Bradley Ave, Bellevue Hill, New South Wales, which is schedule
WHILE nationally growth in property prices is predicted to slow down throughout the rest of the year, there are still some suburbs tipped to be standout performers.
New research from Residex has revealed the inner ring suburbs with the best future investment potential.
In the housing market Bellevue Hill and Rose Bay in Sydney, Malvern in Melbourne and Bulimba in Brisbane are all tipped to have average annual growth of 10 per cent or more for the next five years.
While the unit market is not tipped to perform as strongly as the house market, there are still a number of suburbs predicted to return solid results.
Melbourne is the stand out performer in the unit market, with Elwood, St Kilda and Richmond all forecast to have an annual average value increase of more than 7 per cent for the next five years.
John Edwards of Residex expects Sydney and Melbourne growth rates to slowdown in the next six months and in other national markets next year.
But he says while the buy in price may be higher in inner city suburbs he still felt there were some good investment opportunities in the right suburbs.