The New Year has ushered in what looks to be a mixed outcome for housing markets, with some of 2011’s worst performing capital cities set for a recovery just as other markets weaken.
Australian Property Monitors’ latest State of the Market report expects 2012’s best performing capital cities to be Perth and Brisbane as a rebound in the resources trade breathes new life into those markets.
Both markets have the potential to record double digit growth in median prices, according to the APM report, while the prospects for Darwin look good too with the city also promising possible double digit growth over the year.
Melbourne, Adelaide and Hobart are expected to have flat to lacklustre media price growth of 0-3% and will struggle, according to the report. In Canberra and Sydney, APM expects growth to remain in line with the national average of 3-5%.
With interest rates at their lowest for more than 50 years, there are some great rates available. The best thing to do is to compare rates from all the lenders. Let us help take the leg work out of doing this - Compare Home Loans now
Top Suburbs :
Get help with your investment property
Do you need help finding the right loan for your investment?
When investing in property, it is important to make sure that you not only have the lowest available rate that you can get, but also have the correct loan features for your needs.
Just fill in a few details below and we'll then arrange for a local Aussie Mortgage Broker to contact you and work out what features or types of loans are right for your needs. We'll even help with the paperwork. Plus and appointment is free.
We value your privacy and treat all your information seriously - you can check out