Here’s where you could have made a small fortune over the last 3 years, and it’s not Sydney or Melbourne.-
Instead of being transfixed on Australia’s two most expensive cities, for one third of the cost of a typical Sydney or Melbourne house, those same onlookers could have purchased a property 3 years ago that achieved price growth which exceeded most capital cities and had a better cash flow.
Victoria’s economy at the moment is strong, as evidenced by its AAA credit rating. The biggest industry employers in Greater-Melbourne are Health (11.6%), Manufacturing (11.4%), Retail (11.1%), Professional Services (9.6%), Education (8.5%), and Construction (6.3%).
Psst… Got a second?…
The performance of Sydney’s property market over the past 18-24 months is as spectacular as it is concerning. While there may still be a little bit of steam left in Sydney’s engine, Propertyology has previously described Sydney’s market fundamentals as fragile as a house of cards. A statement in February’s Reserve Bank press release could be a suggestion that a joker in the pack may soon be played.
Why have South East…