The best performer for the housing market in Perth is Mount Pleasant where Residex predicts values will go up by an average annual value of 8 per cent for the next five years.

Mr Edward says the unit market would not perform as strongly but there were still good returns to be found.

North Bondi is tipped to be Sydney’s best performing unit market with annual average growth of more than 5 per cent.

Perth’s best performer will be Subiaco with average annual growth of more than 4 per cent while West End is predicted to be Brisbane’s best performer with growth of more than 4 per cent.