Getting involved in Individual property trading has become the most lucrative business in the Australian real estate market. Some of the Australian markets offer sky touching price of real estate in different cities, but some is affordable.
The previous year’s report says that most of the real estate markets became the victim of natural disasters and the country lost large number of properties. According to Australian Property Monitors (APM), the price of national median houses had fallen by 4.2% but it was predicted of rising trend by 4% to 5% in 2012.
The report says that Sydney was less effected city though there was 0.9% declined in real estate market. The most affected city was Darwin where declining rate of real estate was 3.5%. Likewise, Melbourne, Brisbane, Adelaide cities were the victims of natural disaster in Australia.
Sydney was the most tough property markets among the Australian cities in 2011. Brisbane and Melbourne pointed 7 % and 5.6 % decreasing trends respectively in the same year. Rismark was the city which broke the record of international real estate market with very less 0.1 % increase in national properties prices in the month of November. Various predictions are coming out about Australian real estate market.
However, Australian government is focusing on the affordability of home properties though bank interest rates are seemed to be declined during the first quarter of the year. The changing rat e of interest will improve the real estate market confidences as well as investment return. There is possibility of 0.5 % reduction in real estate rates during this year.
There are major Real estate markets in Australia:
Sydney’s real estate market is growing in increasing trend. The recent record reveals that the increasing rate 5% in this year and the rental vacancies is extremely tight. The real estate analysts predict that the price goes up eventually.
Melbourne is another real estate market where the growth rate of real estate is fluctuating according to events. It reveals that after strong price growth from several years and construction of high numbers of new apartments. Its medium house price costs of $533,000 to $100,000 after Sydney of $643,000. APM predicts that the price growth will be increasing by 3% in coming year.
The same way, Perth, Brisbane, Adelaide, Darwin are the hottest real estate markets in Australia which are running through fluctuating rates.
But European debt crisis has become the major fear for Australian real estate investors. There is large possibility of negative impact of current European economy in Australian real estate market. Source says that this crisis can make impact in Australian credit markets due to which cost of saving will be higher as compared to property investment and property price growth falls down. On the contrary of it, if the credit funding goes up, then the personal property markets get chances of price increments.
However, the frequent economic uncertainty is still hitting the Australian markets; most of the savvy investors are engaging to make an appropriate strategy to cope up with current market uncertainly, seeking opportunities and initiating themselves for further market growth.
The real estate market advisor are suggesting the investors to have a financial expert to assess current market status before you go for property investment so that they will get right advice for right place at right time, to protect themselves from potential property loss.
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