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If I had to pick the safest major capital city market to purchase an investment property, I would choose to buy a detached house in Brisbane.
My reasoning is straightforward.
First, Brisbane’s relative cost against Sydney and Melbourne is running near the lowest level in almost 50 years.
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.