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Australia dominates list of emerging property trends
23 Nov

Australia dominated a list of emerging property investment markets for 2018, with Sydney and Melbourne making up the top two.

The Emerging Trends in Real Estate in the Asia-Pacific region surveyed around 600 industry experts from Real Capital Analytics as well as people from the non-profit education and research organisation Urban Land Institute (ULI).

The report highlighted the persistence of excess liquidity in the region, with competition to buy prime assets in major Asian markets reaching “unprecedented levels”.

Sydney is now considered as the region’s top potential for property investment next year after finishing head and shoulders above the rest whilst Melbourne finished in second place.

Below is a breakdown of the region’s top ten property hotspots for next year

1.    Sydney, Australia
2.    Melbourne, Australia
3.    Singapore
4.    Shanghai, China
5.    Ho Chi Minh City, Vietnam
6.    Shenzhen, China
7.    Tokyo, Japan
8.    Guangzhou, China
9.    Auckland, New Zealand
10.    Osaka, Japan

This comes in spite of a recent cooling in the Australian housing market as prices begin to stall. Sydney property prices are down 0.5% over the past month, leading to a domino effect to the country’s local markets as average weekly growth across Australia’s five biggest capital cities was unchanged last week.

Elsewhere, after having fallen flat in the week prior, Melbourne property prices edged slightly higher, while gains in Adelaide and Perth markets offset the previous week’s falls of 0.1% and 0.2% respectively”.

However, despite being a drag on the national average for the last month, the last 12 months has seen Sydney’s housing market experience a price growth of 6.1% whilst Melbourne’s property prices have experienced a change in value of 10.4%.

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