Australia is fast emerging as the number one destination when it comes to buying a new home. Its healthy, sub-tropical climate, idyllic lifestyle, vibrant business community, low cost of living and charming Aboriginal people, multicultural community and supportive government have ranked it as the top destination to where most people looking for a change in lifestyle would most want to migrate to. Apart from this, the world class educational facilities, vast variety of housing (beachside, waterfront, high-rise, suburban, hinterland etc) low levels of pollution, lower traffic congestion and reasonable state taxes has won hearts of people from all over the world. This magnificent country has even played host to two of the most high profile athletic events in the past few years
All this has had a tremendous impact on the property market and has attracted investors from all over the world. Home prices have shot up by 50% in Sydney and by almost 38% in the rest of Australia. The country has emerged as the world’s most attractive destination to people looking for a new life with a reliable and profitable investment avenue.
Sources say that new developments are fast selling out, sometimes even before launch in prime areas such as Perth, the country’s only large city on the West Coast. Sydney has become to the highest house prices. The city’s cosmopolitan nature, comfortable infrastructure and landmark tourist attractions are pushing new home prices further.
Gold Coast City too has become one of the fastest growing cities in Australia. And a remarkable number of people are seeking new homes on the Australian north east coast of NSW. The idyllic lifestyle and low cost of living is charming more and more people to the Nambucca Valley, Tweeds Heads, Coffs Harbour and Ballina areas.
The government's foreign investment policy is encouraging and inviting investment in Australia and making sure that the investment is consistent with the needs of the Australian community. Offshore investment is being considered as a significant contribution in development of the country’s development and infrastructure. And therefore, the government is making the procedure for buying new homes much easier.
Another popular belief is that more and more investors in Australia have turned to the property market to make money rather than the stock market. Apparently, 50% of money being lent by Australian banks for property is going to investors rather than first home buyers, which has pushed the prices of housing up incredibly. The government’s new grant in the past few years has also made it relatively easy for first time homebuyers to enter the property market!
It looks like the future Down Under is getting brighter and brighter for property owners and investors!
