Perth, Sydney and Brisbane best short-term investment prospects: BIS Shrapnel
Investors should be looking at the Perth, Brisbane and Sydney housing markets, according to forecasts by BIS Shrapnel.
House prices are forecast to rise by between 15% and 19% in these capital cities by June 2014, led by Perth.
Sydney house prices are predicted to increase by 18% over this period, from $640,000 to $755,000, and Brisbane is forecast to record the third-fastest growth rate of 15%, from $440,000 to $505,000.
BIS Shrapnel is forecasting a 50-base point rise in the cash rate in 2011-12.
Note: CohenHandler are buyers agents act exclusively for people seeking to buy property in Sydney.