Australia's most consistent property market: Hotspotting's Terry Ryder
Our main focus at Hotspotting is identifying the future growth markets around Australia.
We also have an eye out for the danger markets, the ones we need to warn people about.
And sitting in the middle, between the growth regions and the declining ones, are the consistency markets: the locations which record a consistent rate of sale, quarter after quarter, year after year.
These locations represent safety for investors. They are usually not boom markets, but have the valuable quality of solidity.
And markets with this high level of even performance often have very good price growth over time.
Each edition of The Price Predictor Index lists the Top 50 Consistency Markets around Australia and we nominate one suburb or town as “The nation’s most consistent market”
Our award-winner in a recent edition, Ulladulla in regional NSW, recorded a 15% rise in its median price in the previous year.
The Spring 2017 edition winner, Echuca in regional Victoria, had a 7% annual rise in its median price, while in the Winter 2017 edition our “most consistent market” Sunbury in suburban Melbourne had a 10% annual increase.
In the new Winter 2018 edition, we’ve nominated Langwarrin as “The nation’s most consistent market”.
simply by attracting consistent demand from home buyers.
Another highly consistent locations around Australia include …
* Bathurst (median price $385,000) in regional NSW.
* Buderim ($620,000), the most popular suburb on the Sunshine Coast.
* Camp Hill (900,000), in Brisbane’s eastern suburbs.
* Echuca ($330,000), in regional Victoria.
* Frankston ($525,000), in the far south-east of Melbourne.
* Lara ($410,000), in the City of Greater Geelong.
* Parafield Gardens ($335,000), in the northern suburbs of Adelaide.
* Seven Hills ($790,000), in Blacktown City in Sydney.
They’re all places that attract steady sales demand, regardless of what’s going on in the broader market around them.
Terry Ryder is the founder of https://www.hotspotting.com.au
