Here's what the Residex crystal ball says the median values will be in 5 years. The growth rates are very low, with Sydney the highest on 4.95%p.a.
If these predictions came true, would it be worth your while to hold for this long (particuarly neg geared IPs)?
If these predictions came true, would it be worth your while to hold for this long (particuarly neg geared IPs)?
Code:
Nov-08 Nov-13
ACT $450,500 $526,832
Adelaide $373,500 $421,551
SA Country $242,500 $282,765
Brisbane $447,500 $520,288
QLD Country $377,500 $423,370
Darwin $430,000 $543,594
Northern Territory $391,000 $482,612
Hobart $350,500 $438,881
TAS Country $258,000 $319,367
Melbourne $479,500 $576,407
VIC Country $273,500 $287,878
Perth $491,000 $557,149
WA Country $414,500 $402,416
Sydney $565,000 $719,384
NSW Country $312,000 $326,780
Australia $398,500 $461,074