With the residential cycle in Australia’s largest capital cities turning, it has emerged as an interesting time to to compare topline metropolitan market performance with trends in some of the so-called ‘satellite cities’ close to the key urban areas.

For the larger Sydney and Melbourne markets, where price correction is underway, locations such as Newcastle (36% lower median compared to Sydney) and Geelong (32% lower median compared to Melbourne) present not just a significant price differential but also short-term growth rates in excess of metropolitan trends and comparable medium-term growth rates.  For Brisbane, while median prices on the Gold and Sunshine Coasts are higher the metropolitan median (although below the Brisbane City LGA median), again short-term growth rates are stronger while medium-term growth rates are comparable.