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Results from our 2018 Predictions

By December 12, 2018 No Comments

In our 2018 Property Investors Guide, we released our top predictions for the best investment areas to consider in 2018.

So as we reflect back on the year, how did our predictions really perform?

New South Wales

 

CENTRAL COAST- Wyong and Gosford.

Due to the excellent Lifestyle opportunities and the proximity to Sydney to commute, Wyong, Gosford, Ettalong Beach were our picks in the Central Coast region for property investors.

Actual Results:

The Gosford region saw an increase of 26.86% in median house price over the past 12 months, whereas units saw a 12.5% increase for the same period. Wyong saw similar results with 22.06% increase in median house price over the period whilst Ettalong Beach saw a modest 11.61% increase in median house price in 2018.

NEWCASTLE and HUNTER.

As Sydney reached its’ peak at the start of 2018, we predicted that Newcastle was not quite there and during 2018 would still be a favourite for investors.

We predicted that the Newcastle and Hunter region would benefit from the “ripple effect” of Sydney.

Actual Results:

For the 12 months to December 2018, Newcastle saw the median house price increase by 9.09%, with the majority of the increase occurring in the first quarter of 2018. We view Newcastle as a more stable investment, but certainly good results for 2018 in comparison to how many other markets around the country performed.

SOUTH COAST

We recommended looking at the  suburbs of Shell Harbour, Albion Park, and Nowra which show better value for money opportunities.

 

Actual Results:

For the 12 months, the median house price change was up 11.38% resulting in the median house price growing to $489,000

 

Queensland

 

ASHGROVE

12km to Brisbane CBD, Ashgrove is an attractive suburb to young professionals, and we recommended only looking at houses and staying clear of high rise apartments.

Actual Results:

Ashgrove saw a 6.86% increase in median house prices for the year which was a steady increase.

This was an excellent result for this suburb in comparison to Brisbane City which saw a 10.5% decline in median house prices for the year.

This demonstrates Ashgrove as a sound investment choice as it did not trend downwards like many inner suburbs of Brisbane over the period.

MOOROOKA.

WA’s once a grubby suburb and now becoming trendy, we predicted Moorooka to see gains from the gentrification of the suburb.

 

Actual Results:

Moorooka’s median house price grew for the 12 months by 8.33%, which similarly to Ashgrove, is an excellent result in an area that has seen many declines recently.

 

Editor AusProperty

Author Editor AusProperty

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