New research has revealed the top property performers over the past 20 years, with some surprising regions coming out on top.
Analysis of ABS statistics by the Property Investment Professionals of Australia (PIPA) found that the top location for capital growth from June 2004 to June 2024 recorded growth of 233 per cent, while the bottom location recorded 100 per cent over the same period.
Aerial view of the iconic Hobart waterfront in Tasmania, which was one of the top performing markets in the 20 years since 2004 Photo – iStock
PIPA board director and former chair Peter Koulizos, who conducted the research, said the results proved that property was a safe and stable performer over the long-term, with location selection key.
“What I found most interesting was the fact that over the past 20 years, it has mainly been smaller capital cities or more affordable regions that have produced …