For the second year in a row Brisbane has been ranked first by the Property Investment Professionals of Australia for the most viable capital city to invest in.
This is in stark contrast to Sydney, which has plummeted in rankings over the last year.
Our partner in Property Education for over a decade and the Chairman of Property Investment Professionals of Australia, Peter ‘the Property Professor’ Koulizos, explains why investors are turning away from Sydney
A new survey has found investors believe Sydney is least likely to offer investment success over 2018, while the majority see Brisbane offering great prospects.
According to the The Property Investment Professionals of Australia (PIPA) 2018 Member Survey, 3.85 per cent saw Sydney as a viable capital city to invest in, compared to 11 per cent last year.
Sydney was tied with Canberra and Hobart, while Darwin placed dead last, with no-one believing it was worth an investor’s time and money.