Experts give us a piece of their mind as they forecast the best capital city for this year based on last year’s trend.
The majority of these market experts predict that 2014 will be a good year for Brisbane, arguing that 3 years ago, Brisbane and Sydney home values were nearly identical. But for the past year, median prices in Sydney have jumped to $750,000, compared to Brisbane’s $445,000. The rising price in Sydney will be a factor in reducing yields, as compared to other capital cities.
Brisbane also leads all capital cities in Gross Rental Yields (4.6%for houses and 5.6%for units), a situation conducive for property investors.
For the full forecast, head to the Property Observer Website.
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