The Sydney Premium: April 2012 Update
The differential in house prices between Sydney and Brisbane continues to present opportunity for value investors. As the price of Sydney homes rises on a relative basis to Brisbane (blue line) so has the performance of Brisbane followed (green line) on a historical basis.
This is just common sense in action as we know that the main immigration flow into Australia is via Melbourne and Sydney and the main migration pattern is for people to move north as affordability drives people towards QLD and Brisbane.
On a relative basis between our capital cities Brisbane is presenting as outstanding value.