Australia has come a long way since I was a kid.
We're no longer a big country a long way away from everywhere else.
Well...we are in fact a big country a long way away from everywhere else, but now we have 25 million people, we're an economic powerhouse and a financial hub and we have 2 international super cities that eclipse most others.
In fact Sydney and Melbourne rank highly in JLL's City Momentum Index 2018 as being best positioned for long term success.
- Sydney ranks #14
- Melbourne ranks #17
The JLL Index covers 131 major established and emerging markets and tracks a broad range of factors to identify cities that have the strongest short-term socio-economic and commercial real estate momentum, and those that have the future-proofing capacity for longer-term success and looks at key factors such as the number of tech firms, education, environment, transparency, infrastructure, and international patents.
|#1||San Francisco||United States|
|#2||Silicon Valley||United States|
|#3||New York||United States|
|#6||Los Angeles||United States|
|#10||San Diego||United State|
Interestingly, no cities from China, Latin America, Africa, or the Middle East make this first list.
- Also read:Latest property price forecasts for 2024 revealed. What’s ahead in our housing markets in the next year or two?
- Also read:Here’s how to avoid these 12 common reasons property investors fail to build a Multi Million Dollar Property Portfolio
- Also read:Sydney property market forecast for 2024
- Also read:Boom to bust: What makes property prices rise and fall
- Also read:This week’s Australian Property Market Update – Latest Data, State by State November 28th, 2023
Courtesy: Visual Capitalist
As signs point to softer growth conditions for Australian property over the coming months, independent professional advice and careful consideration will be as important as ever in navigating Australia’s varied market conditions.
If you’re looking for independent advice, no one can help you quite like the independent property investment strategists at Metropole.
Remember the multi award winning team of property investment strategists at Metropole have no properties to sell, so their advice is unbiased.
Whether you are a beginner or a seasoned property investor, we would love to help you formulate an investment strategy or do a review of your existing portfolio, and help you take your property investment to the next level.
Please click here to organise a time for a chat. Or call us on 1300 20 30 30.