Perth, Brisbane to lead the way in 2012

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Perth and Brisbane will be 2012’s best performing capital cities, and both have the potential to record double digit median price growth next year, it has been claimed.

Darwin, too, could reach double digit territory, says Australian Property Monitors’ latest State of the Market Report, as capital city markets with direct exposure to the resources sector “can be expected to record significant growth in house prices over the year”.

Melbourne, Adelaide and Hobart are set to struggle, says the report, with each of these three cities predicted to see median price growth of 0-3%.

Canberra and Sydney will remain in line with the national average of 3-5%, predict APM, while Brisbane, Perth and Darwin will lead the way with growth of 5-10% each.

“2012 will provide mixed outcomes for housing markets, with some capitals set to revive strongly while others will remain in the doldrums despite the continued prospect of strong economic growth in Australia,” says the report.


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  • Value Real Estate says on 20/12/2011 11:19:55 AM

    Perth city apartments are showing signs of having passed the bottom with growing interest in 1 & 2 bedroom apartments.
    With rents continuing to increase significantly, many apartments are now returning 7+% gross

  • Stuart says on 20/12/2011 01:26:44 PM

    Brisbane Bayside, Ormiston to Redland Bay show signs of recovery with enquiry levels already up before Christmas. With the Qld Building Boost running out next month, buyers are securing their property needs now. Tenants locking in now to hold for 2012.

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