Australia, the “Land Down Under”, is a country on the mainland of the Australian continent. Inseparable parts are the island of Tasmania and a lot of smaller islands. It is the sixth-largest country in the world. Australia spread its borderlines over a huge area of 7.692 million km² with a population of around 6 million people. With temperatures ranging from -3°C (27 °F) to 50°C (89°F), and humidity levels that are much lower than those of the wet season, the climate is specific. In the southern parts, the climate is more extreme. The wet season runs from October to April. Is Australia the place for your next real estate investment?
The country is famous for its magnificent wildlife, natural wonders, broad open spaces, beaches, and the seaside. Indigenous inhabitants of Australia are Australian Aboriginal people with their unique culture and history. From the world-known places Australia has to offer: Sydney Opera House, Bondi Beach, The Great Barrier Reef, Sydney Harbour Bridge, Blue Mountains National Park, The Great Ocean Road & Other Epic Roads that will leave you breathless, and many more, this country is a perfect destination for all kind of tourism.
Urban areas of the country are very modern and they are places where you can find mind-blowing megalopolises like Sydney, Melbourne, Brisbane, and Perth. Let us look into Real Estate in Australia’s opportunities. The residential housing market has changed over the years. Major cities like Sydney, Melbourne, Adelaide, Perth, Brisbane, and Hobart have experienced for property prices to grow astronomically.
The average Australian property price grew 0.5% per year from 1890 to 1990. From 1990 to 2017 at a faster pace. Currently, the market seems to be showing signs of an unsustainable bubble in real estate market. In the Australian ever-flowing real estate market, predictions are showing a rise in property prices, but the intensity can vary. There is a report released recently by ANZ Bank. Forecasts are predicting that house prices at the national level will rise by 17 percent through 2021, before easing to 6 percent in 2022.
Some of the best Real Estate in Australia locations for property investors are Sunshine Coast (Queensland), Bendigo (Victoria), Rockingham (Western Australia), Central Coast (New South Wales), Toowoomba (Queensland), Blacktown (New South Wales). Don`t waste your time, Australia is calling.