With property prices falling in Sydney and Melbourne, this will be a tough year for investors. But there are still pockets of value, especially in Queensland.
How much did Sydney house prices grow in 2016 – was it 3.3%, 7.5%, 10.7%, or 16.7%? It depends on who you ask. Growth figures are notoriously inconsistent.
If affordability is an issue preventing you from investing in property, you’ll be happy to know that planning laws have relaxed to give investors new opportunities to profit from an extra dwelling such as a granny flat.
It’s one of the biggest mistakes property investors make – they insist on buying locally. But it isn’t necessarily the best idea.