For years, the primacy of inner suburban property has been the unquestioned mantra of investors and analysts alike. But it appears the inner city’s reign as best real estate performer has come to an end.
New RP Data figures obtained exclusively by realestate.com.au shows that in three of Australia’s biggest cities, houses 10-30 kilometres from the CBD are outperforming those in the inner suburbs. Houses on the outskirts of the CBD are performing better those in the inner suburbs.
And it’s no fluke of the season either, with both 12 month and five year data showing the same trend.
Check out the full post at http://www.realestate.com.au/blog/middle-suburbs-seize-real-estate-crown/