Markets Worth Investing In Australia
If a long term profit is your goal then the trusted good old way of investing in properties is still one of the best ways. In australia, especially in the capital cities of australia, the investment market has been bustling with activities.
Property markets in the cities of brisbane, melbourne and sydney are worth a watch.
Melbournemarket
Along with brisbane, melbourne is a market that holds huge potentials for this year. Over the years from 2009 melbourne has shown a massive 52% increase in the market values and experts agree that it is only expected to grow from here perhaps for another two more years and this is good news for those interested in investing in victoria.
Though the overall state of the market looks good, melbourne is a tricky one. There are some regional disparities when it comes to growth in this market. Some places are performing extremely well while othersare far below the standards. The major reason quoted for this is oversupply of units in and around the various suburbs of the city. Epping, kew, travancore and greenvale are all promising suburbs worth investing.
Brisbane market
Brisbane has been a disappointment for market analysers and statisticians. Unlike other major capital cities the property values in brisbane has only risen by 7.7% since 2009, far below the standards set by booming cities like sydney or melbourne. But as it is always said, don’t take statistics at its face value. There is huge growth potential in this city that is going to be realised sooner or later.you can be assured that brisbane will be the next big thing in real estate investment Australia market.
Brisbane perhaps is theoretically the best place to invest in property. The rental yields from the city’s properties are amongst the highest in australia while the median price of properties is far lesser than other major cities. The demand is steadily increasing while the prices have still a long way before peak. Hence, this year brisbane is in the perfect position to achieve the market boom that was long overdue. Ipswich, toowong and darra are some of the suburbs that might steal the show this year.
Sydney market
For three long years, sydney has been experiencing a boom in the property market. Investing in the markets of sydney now must be done with caution as the boom is expected to crash very soon. But that doesn’t make sydney a bad place to invest. All that you need is a little patience and the ability to selectively invest in some of the more promising areas to make handsome profits.
The median prices are ever increasing and are close to a record million dollars and it is predicted that this year too, the prices would soar up at least by 10%. Owing to the healthy rental rates and overall returns along with the low interest rates, investors are bound to get attracted towards sydney. The 12.4 billion worth of development projects planned for 2015 in the region would be another boost for the sydney market. Waitara, hornsby and rushcutters bay are some promising suburbs.
Overall, the property investment markets in australia are greatly favourable. While melbourne and sydney might keep up their current booming conditions, it would be brisbane that’s going to attract a lot of attention from investors. Learn here for more advice and other beneficial info regarding to our services.