Australia-Wide Property Market Analysis by WBP Property Group Reveals Where to Buy, Where to Ignore
Summary
The Australian property outlook report offers a starting point for investors and new home buyers, to help pinpoint areas of interest as well as potential no-go zones."This Australian property outlook overview will help investors decide where to focus their efforts, and help homeowners prepare for the future," Mr. Brittain finished.The Australian property outlook report offers a starting point for investors and new home buyers, to help pinpoint areas of interest as well as potential no-go zones.Key trends and recommendations across Australia noted by the Melbourne property valuers include:Metropolitan Melbourne: Strong performing suburbs include Croydon (20% growth over 12 months), and Essendon (28% growth over 12 months).The unit market is performing strongly, but properties above $500,000 are struggling with sales.Metropolitan NSW: Though much of Sydney is under severe housing stress, several areas are identified as having consistent demand, including inner and middle Sydney.South East Queensland: Some areas of South East Queensland are identified as among the worst in Australia for sales performance.Hobart: WBP names a number of middle-class suburbs that continue to perform well despite a major reduction in the number of buyers.Perth: Several cities have outperformed the generally flat or declining market in Perth, according to the WBP Australian property outlook report.Adelaide: Rental vacancy rates remain tight at less than 0.5%, but Adelaides overall performance is very stable.We operate regional branch offices in Victoria, in addition to metropolitan and regional branches in WA, TAS, SA, NSW and QLD.WBP is known for its 6-star customer service that results from our talented team of qualified professionals and efficient state-of-the-art systems and technology.We understand that quality and accuracy are as important to you as timeliness of service delivery and we continue to be committed to offering our clients industry-leading quality control systems.### Contact Information WBP Property Group Nicholas Brittain 1300 302 581 www.wbpproperty.com/ Click here to view the list of recent Press Releases from WBP Property Group