The Economists annual survey of the most liveable cities is out and although Auckland, New Zealand and Osaka, Japan take our first and second positions Australia’s wonderful city Adelaide hits number three ranking. Melbourne held the top ranking for several years although fell back a position in 2018 and falls again in 2021, this year holding 9th position. Perth gets a look in at the 6th spot and Brisbane just scrapes in at number 10.
The measurements for assessment include sustainability, healthcare, culture & environment, education and infrastructure and it appears that the COVID pandemic has heavily influenced results with many of the top 10 cities being valued for their quick response and management of the pandemic. It also appears that housing affordability doesn’t impact the results too heavily. CoreLogic reports a year to date gain in Auckland, up 16% and above, compared to a 12-month growth in Australia of a bit over 14%.
Southeast Queensland is positioned for fairly significant growth over the next two years with many experts suggesting it has become one of the most desirable places to live. Once international borders open again it is expected we will see more growth locally further stimulating the local economy and driving property prices up further. Real estate forecasters at Hotspotting have outlined the top 10 places to invest for capital growth in 2021 and beyond and the Sunshine Coast region hits the number 1 spot. The right time to buy, as always, is now