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Results of the Australian Property Institute’s Australian Property Directions Survey, released yesterday, indicated that Sydney’s residential market offered the best prospects for long-term growth compared to Melbourne and Brisbane, where residential markets are already at their peak.
In relation to commercial property, the survey found that Sydney and Melbourne offered the strongest growth potential for the year ahead while Brisbane is currently at the peak of its cycle.
Sydney’s CBD market was marked as offering particularly strong growth potential of four per cent above the CPI.
The survey also indicated that industrial property markets are at their peaks in all three cities and are expected to fall in one to two years time.
Published: 17-04-08
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