Brisbane next to go
Precisely in keeping with my own thoughts, Matusik is calling Brisbane as the next Aussie capital city to see a material upswing in values.
Brisbane has seen little or no growth no since well before the financial crisis - the recent flooding in Queensland damaged confidence and saw values sliding, which now presents savvy counter-cyclical investors with some mouth-watering opportunities.
Personally, I am very keen on some of the inner-western suburbs with transport links, such as Toowong and Indooroopilly.
More than one 'property market' for each city
Of course, it is very difficult to generalise with property markets.
I agree with Matusik that Sydney is at the peak of its cycle for most dwellings - but there are of course pockets of suburbs and property types that will see - heck, that are seeing - very sharp rental growth, and values will tend to follow in certain supply-constrained hubs.
The only point I disagree with is the placing of Albany/Wodonga - I assume this intended to mean Albury-Wodonga as Albany is nearly 3,500 clicks down the Eyre Highway from Wodonga, and thus has a low correlation...
Oz can be very confusing like that: an example, accidentally take a left turn up the Stuart Highway instead of the Sturt Highway from South Australia and you could end up 3,979km from your target destination (Darwin instead of Sydney).
So it does pay to check the map occasionally!
Toowong: some great value units if you know where to look. Expect to pay around $380,000 for a high-quality 2 bedroom investment unit.
Steady trade just finished on the ASX , the All Ords finishing up just over 0.6%.
Aussie dollar has eased down to 98.3 US cents.