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Hotspotting


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.