Some property investors might be chasing markets with the biggest price growth, but others who value consistency should look elsewhere.
That’s according to Ryder Property Research managing director Terry Ryder, who has earmarked the 50 most consistent property markets in Australia in his Spring 2018 Price Predictor Index report.
“These locations represent safety for investors. They are usually not boom markets, but have the valuable quality of solidity,” Ryder said.
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In these consistent markets, you can rely on them to have good price growth across time too: the most consistent market in 2018, NSW’s Ulladulla, saw a 15 per cent rise in median prices last year.
According to Ryder, there are 50 locations in the country that have high levels of consistency, but Como in Perth’s south was a standout.
“Perth’s market has been in downturn for many years, but Como has maintained exceptional consistency in defiance of the general decline,” Ryder said.
“And, against the overall city trend, its median prices for both houses and apartments have shown uplift in the latest quarter.”
Como’s median house price is $900,000, with units going for $460,000.
Here are the other 50 most consistent property markets by alphabetical order:
Here are the most consistent markets by state:
Bellevue Hill, Woollahra
Bondi Junction, Waverley
Cooma, Cooma- Monaro
Lilyfield, Inner West
Long Jetty, Central Coast
Medowie, Port Stephens
Raymond Terrace, Port Stephens
Rose Bay, Woollahra
Seven Hills, Blacktown
Bairnsdale, East Gippsland
Paynesville, East Gippsland
Seymour, Mitchell Shire
West Wodonga, Wodonga
Bli Bli, Sunshine Coast
Brighton, Brisbane North
Bulimba, Brisbane East
Holland Park, Brisbane South
Margate, Moreton Bay
Moggill, Brisbane West
Palmwoods, Sunshine Coast
Tamborine Mountain, Scenic Rim
Urangan, Fraser Coast
Wynnum, Brisbane East
Somerton Park, Holdfast Bay
Como, South Perth
Port Kennedy, Rockingham
Riverside, West Tamar
West Hobart, Hobart
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