Which capital city housing market is set to be the new top performer?

By |

Australia’s capital city housing markets are set to record steady growth through 2015, with national house prices forecast to increase by 5% over the year according to the Domain Group’s Autumn State of the Market Report.

Dr Andrew Wilson, senior economist at the Domain Group says the housing market is expected to remain elevated over Autumn as buyer’s take advantage of the recent rate cuts.

“Buyer confidence has been boosted with the Reserve Bank’s recent interest rate cut and we’ve seen a solid start to 2015 in most markets. We are expecting buyer activity to remain solid through the Autumn selling season and then moderate as we head into Spring,” he said.

Sydney is poised to retain its position as the leading capital city performer with house price growth outstripping the national growth projection. However, a new capital city is set to overtake Melbourne and join Sydney as a leading performer. According to Wilson, Brisbane is expected to be the next best performer as its housing market revival continues.

“Sydney and Brisbane are set to be the best performers over the year, with 8 percent and 6 percent growth forecast respectively. Sydney’s resilience is largely driven by its property shortages and economy, however investor activity remains at record levels and this is another key driver of the price growth being seen,” he said.

“Melbourne, Adelaide and Hobart are in for another positive year, with moderate growth of between 3 and 5 percent likely. Meanwhile, declining local economies spell fairly modest growth of around 2 percent for Darwin, Canberra and Perth.”


Can you afford to buy in this suburb? Find out how much you can borrow

Top Suburbs : melton , east victoria park , rockville , lockridge , kawana

go back

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.

How soon would you like a mortgage?
What is your Annual Household Income i $
Do you currently own any Investment Properties?
Do you own your own residence?
How much equity do you have in all your current properties?
First Name
Last Name
Where do you live?
What number can we reach you on?
E-mail address
We value your privacy and treat all your information seriously - you can check out our privacy policy here