Summary: Recent price growth in Sydney & Melbourne has given the idea that they are the leaders on capital gains. Investors are reluctant to consider Perth despite it's strong performance in the past. Many also still consider Adelaide a low-growth city despite its strong growth in previous cycles. A 30 year study by PIPA has shown every city in Australia has had periods of strong growth AND downturn. The message for investors is to identify markets that have bottomed and are set to improve.
