Apr 29, 2019
Residents of cities like Adelaide, Hobart, Canberra and Brisbane, as well as large chunks of regional Australia, must shake their heads when major media tells them that their home values are crashing.
The general theme in major media, including the big city newspapers and ABC TV, is that prices are falling across Australia. Our daily research encounters articles every day making these sweeping statements.
The problem is that most major media emanates from Sydney & Melbourne. Those cities are down and writers are extrapolating their local situation to the whole nation, creating a fictional national downturn.
Behind the generalised figures, there are many growth markets in our capital cities, including Melbourne, Perth and Brisbane. The outer-ring areas are still growing in Melbourne and 70% of Brisbane suburbs have medians higher than a year ago. And of course regional areas - notably those in Victoria, Tasmania, NSW and parts of Queensland - have some prolific growth markets.