The Australian property market has always been a hot topic for property investors. With its dynamic cities offering diverse opportunities, deciding where to invest is often overwhelming.
Perth, and Brisbane stand out as prime contenders for the property investor money in recent years, while Melbourne is one of the worst performing, just ahead of Darwin. Each city has its unique advantages, making it crucial to analyze factors like median price trends, stock on the market, days on market, and recent growth to guide your investment decision.
Recently, there have been market discussions that Melbourne is waking up. So we did an analysis of recent data is showing some shocking information. The data is showing things are about to change. Some locations could get ugly, and some locations are showing early signs of a impending boom. Is Melbourne about to wake up from it extended Pandemic Lockdown slumber or is it going to crash further?
Just be forewarned, the next 10-15 minutes of this article is going to be very dry. We will be discussing how we derive at our conclusion and where we see the 3 markets heading. Skip ahead to the end of the article, if you are not a details person. Or get in touch with one of our investment advisors for your custom list of Australian Suburbs that is about to boom.
So, let’s dive into the numbers and let our Melbourne-based buyers advocates explore where we top picks are and where you should avoid. Is Melbourne going to crash further? Or will Perth continue to retain its Star Performer title?
What Must You Know Before Start Your Property Investment Journey?
When it comes to property investing, you only need to know two things. Your budget, and your goals. Working out the the budget is simple. Our mortgage partners will help you understand your budget. But very quickly, it is how much you can afford to invest, plus how much a lender will lend you. Goals might be a bit tricky to identify as no two investors are the same, nor do they have the same risk appetite. Other than following their friend, most investors do not even know what they want out of investing in properties. What is the purpose of investing investing in properties?
Once we have these defined, let's start running our requirements and goals through our data analytics. The systematic, fact-based property investment methodology which Concierge Buyers Advocates used, involves the study and analysis of over 100 data metrics and 30 years of real estate data, combined with inputs from on-the-ground property inspections, location visits, etc.
At Concierge Buyers Advocates, we believe data can only show us historical indicators, while on-the-ground feedback tells us what is actually happening, first hand. Any investment advisors and buyers agents who says they do not have to be on-site is just BS. There is only so much historical data can show. It CANNOT show you what is happening at this very moment, and there are many nuances of the location which can never be recorded in data.