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10 of Australia's Economic Powerhouse Cities 2024

This month, the InvestorKit Research Team reveals 10 of Australia's best-performing cities/city clusters, reviews their property market pressure, and forecast their performance in 2024.

What You Could Learn

A clearer view of the market.

  • Explore 10 of Australia’s best performing/fast recovering local economies.
  • A range of data and insights in each local economy, including GRP, unemployment, construction pipeline, etc.
  • Market pressure review of each city/city cluster and their performance forecast in 2024.

Inside the report

35 pages of data-backed analysis. Zero fillers.

Here’s exactly what’s covered in this edition, so you know whether it’s worth your time before you download.

Choose a preview below or open the cover.
  1. What Makes an Economic Powerhouse

    Our methodology for identifying the strongest local economies — GRP, unemployment, industry diversity, and more.

  2. 10 City Deep Dives

    Detailed economic and demographic analysis of each powerhouse city, including population, jobs, and construction pipeline.

  3. Housing Market Pressure

    Sales and rental market pressure review for each city — supply, demand, affordability, and speed of sale.

  4. Performance Forecasts

    Where each city's housing market is heading based on its economic trajectory and structural demand drivers.

A closer look

Where the 2024 powerhouses stand

18.0%

Greater Perth rents rose 18.0% in a year, and house stock fell to just 1.5 months.

14.6%

Greater Adelaide rents rose 14.6% in a year, while house sale days on market stayed at their lowest level in years.

2.74%

Victoria's population grew 2.74% in FY2022-23. Geelong became the second-largest internal migration receiver among regional cities.

Australia’s economy has been supported by robust population growth and a more-active-than-ever job market. Although the RBA cash rate hikes have slowed the economy as expected, we still see thriving local economies across the country.
From the reportInvestorKit Research

Who this is for

Built for investors who want the numbers, not the noise

Every InvestorKit whitepaper is designed to give you a data-backed edge, whether you’re evaluating your first market or repositioning a growing portfolio.

First-time investors

Get clarity on where structural demand sits before committing your capital to a market.

Portfolio scalers (1–5 properties)

Use our research to identify where to deploy equity next — backed by market pressure data, not guesswork.

Property professionals & advisors

Share data-backed market views with your clients. We’re cited by accountants, brokers, and financial planners nationwide.

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