Speculation that the Australian property market is currently flat is a myth, according to a leading property market commentator.
Speaking to Real Estate Business, Destiny Financial Solutions’ Margaret Lomas said while some markets are sluggish, others are booming, indicating that the property market is far from flat.
“When people say the market is flat, they are presuming that we only have one property market and that is just not true,” she said.
“We have thousands of property markets all over Australia and even in the past couple of years many of those have been very vibrant and have been growing very well.
“Yes some markets are tracking sideways, but some markets are not and a property investor that wants to be successful needs to understand that.”
Ms Lomas said there is currently a vast number of good buying opportunities in Australia, including the outer suburbs of Adelaide, which are thriving and providing investors with plenty of bang for their buck.
“Some areas in Queensland are also starting to perform well and these will be the areas to watch moving forward,” she said.