Has Melbourne and Sydney peaked?

Sydney and Melbourne have posted strong growth rates of 12.5% and 6.6% respectively, according to RP data.

Analysts say that these two major cities have peaked, citing the latest growth report for the month of November, where the growth rate has declined for both capital cities, a 0.9% drop for Sydney and a 2.1% decrease for Melbourne. The overall growth rate for the same month for all capital cities stands at 0.1%.

Despite these numbers, all the other capital cities are performing steadily, with Perth leading the charge at an 8.9% growth rate, followed by Adelaide at 3% and Brisbane at 2.5%.

Read more about this on the Smart Property Investment website.

Author: Dorian Traill

Dorian Traill is the current Director of Grand Capital Finance Group and Fountain Property Group. He specialize in home loans for people as well as helping them build wealth through quality investment properties that ultimately lead to long term financial freedom.

Leave a Reply

Your email address will not be published. Required fields are marked *