Jul 30, 2018
One of the early signals of an impending growth cycle in a property market is a rise in prices in the Top End suburbs.
The recent growth cycles in Sydney and Melbourne both started
with uplift in the millionaire suburbs - and rippled out from
there, over time, to the middle-ring areas and latterly to the
outer-ring suburbs.
We expect improved price performance in both Adelaide and
Perth - and it's noticeable that the Top End markets in both cities
have shown strong price growth in the past 12 months. Many of the
million-dollar suburbs have recorded double-digit growth in their
median prices, with some rising more than 20%. A few have grown
30%-plus in the past year.