An expert has said that the median house price of an Australian suburb is the key to finding the best investment opportunities.
Those with Australian property investment plans have been given advice on how to determine which suburbs currently offer the best returns.
According to Matthew Bell, senior economist at Australian Property Monitors, looking at the movements in median house prices and comparing with recent figures or statistics from neighbouring regions can give an idea of which postcodes will provide growth.
Writing for the Sydney Morning Herald, the expert said that markets are largely cyclical and it is unlikely that any price growths or falls will differ greatly from recent history or local trends.
"Recognising areas where this has occurred recently can indicate suburbs that may have more potential than others for near-term price growth or at least outperformance," Mr Bell told those thinking of purchasing property in Australia.
Figures from the Real Estate Institute of Victoria recently revealed that Australian property prices are rising strongly and show no signs of slowing, with this week's sales hitting a record AUS$1.025 billion (£615 million).
Posted by David McElwain
Those with Australian property investment plans have been given advice on how to determine which suburbs currently offer the best returns.
According to Matthew Bell, senior economist at Australian Property Monitors, looking at the movements in median house prices and comparing with recent figures or statistics from neighbouring regions can give an idea of which postcodes will provide growth.
Writing for the Sydney Morning Herald, the expert said that markets are largely cyclical and it is unlikely that any price growths or falls will differ greatly from recent history or local trends.
"Recognising areas where this has occurred recently can indicate suburbs that may have more potential than others for near-term price growth or at least outperformance," Mr Bell told those thinking of purchasing property in Australia.
Figures from the Real Estate Institute of Victoria recently revealed that Australian property prices are rising strongly and show no signs of slowing, with this week's sales hitting a record AUS$1.025 billion (£615 million).
Posted by David McElwain
