Melbourne, Sydney fall behind other cities in key property growth measures
Sydney and Melbourne have fallen well behind other cities when it comes to property price growth, with mixed signals emerging as to if or when this situation might be reversed.
Dwelling values have lagged in Melbourne and Sydney, with a newly released demand index suggesting there is still some way to go before that gap closes. (Image source: Shutterstock.com)
If you bought an apartment in Perth 12 months ago, your investment would likely have soared more than 20 per cent, whereas the same purchase in Australia’s two largest property markets would’ve lost money once inflation was factored in.
Dwelling values in Sydney and Melbourne
have also lagged well behind the likes of Perth, Adelaide and Brisbane over the past 12 months and prospective buyers are clearly paying attention.Newly released data mea…
