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Australia's property markets ranked hottest to coldest for 2023

Sydney and Melbourne are among the least attractive property investment markets in Australia for 2023, according to a major new report, but one of the smaller capitals is at the top of the hotspot list.

Basic graphic of Australia showing Rising Stars data points
It's the smaller state capitals that are dominating the list of 2023 property investor hotspots. (Image source: Shutterstock.com)

When it comes to the hottest property prospects for 2023, Adelaide is cooking on the barbecue while Sydney and Melbourne are buried deep in the bottom of the esky.

The double-digit property price falls

of the past year in the country’s biggest cities have not been enough to lift their ratings in terms of investment prospects for 2023.

Canstar, which collaborated with Hotspotting’s Terry Ryder, used a series of forward-looking indicators to prov…

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