Professionals Richmond Brisbane and Adelaide’s housing markets are expected to outperform all other capital cities moving into 2014, according to the latest RP Data Quarterly Review.
The report suggests the Sydney and Melbourne markets may slow as affordability constraints begin to dampen these markets after substantial value growth in 2013.
“We would expect a pick-up in demand and value growth in Brisbane and perhaps Adelaide. Following strong value growth in Sydney and Melbourne, these cities are offering healthier levels of affordability and rental yields are more attractive, [consequently] there is improved potential from an investment perspective”.