A unit for sale a Station St, Subiaco Western Australia. The suburb is tipped for strong growth in the next five years.
A unit for sale a Station St, Subiaco Western Australia. The suburb is tipped for strong growth in the next five years. Picture: realestate.com.au Source: Supplied
Mr Edwards believes consumer sentiment will change towards the end of this year.
“This will mean changes in the recent strong national growth trends,’’ he says.
“Property investors will need to be cautious about which suburbs they invest in — particularly in inner city areas, which will deliver a very mixed range of returns.
“Stable growth never occurs in a linear way. Overall, we expect to see a fall in growth by the end of the year, followed by two to three years of minimal to zero growth. Then by 2018, we are expecting to see a return to strong growth rates.”
Top housing performers to 2019
Bellevue Hill, Sydney — 10% +
Malvern, Melbourne — 10%+
Rose Bay, Sydney — 10% +
Bulimba, Brisbane — 10%+
Elwood, Melbourne — 9%+
Top unit performers to 2019
Elwood, Melbourne — 8% +
St Kilda, Melbourne — 7% +
Richmond, Melbourne — 7% +
North Bondi, Sydney — 5% +
Milsons Point, Sydney — 5% +
