Australian Real Estate Investing?the top 3!
The states of the eastern coast of Australia… NSW, Victoria and Queensland have long been considered to be the top three states for Australian real estate investing for their higher rental returns and traditionally low vacancy rates…
Although the state’s capital cities might be seeing what appears to be some less than desirable results and debate as to the continued potential of these states, the debate continues…
While the capital cities themselves may be an interest for investors seeking the best rental prospects, there is still a wealth of investment opportunity right up and down the east coast in properties attracting the sea changers as families are looking to lifestyle choices.
Australian real estate investing is still very attractive on New South Wales coast in suburbs such as Sapphire Beach, Byron Bay and Soldiers Point with approximately 150,000 Australian clamoring to secure their piece of the coast while Australian real estate investors are enjoying the prospect of quick returns and escalating property values.
While Residex may be predicting an end of the boom for Kiama there is still a world of opportunity for Australian real estate investing in coastal communities an hour or so north and south.
The improved traffic conditions and new roads have improved the attractiveness of the New South Wales south coast for Australian families and home seekers
Any seasoned real estate investor would perhaps find Melbourne as the best investment place in Australia. And it is true if you are planning to linger on the housing and property market for a long term. There are many factors that are currently stacking up and favoring Melbourne’s real estate market.
Evidences and facts from leading economists, investors, property analysts and real estate trend researchers reveal increasing trend in investment property with minimum vacancy rates in Melbourne. The vacancy levels have dropped from 7% in the year 2002 to 0.6% in 2007 indicating demand outstripping supply.
Well, investing in detached homes with modern amenities overlooking bay or sea are considered best buys according to Residex. This is one of the reasons for Sapphire Beach located near Coffs Harbour New South Wales is rated high and doing exceptionally well.
It attracts anyone looking for properties in Australia for the purpose of investment.
Property prices have shown sharp increase with constant demand. The coastal towns that exhibited conditions of a slow moving real estate market for the last few years have now started to gain popularity and adequate attention. Now, these towns are offering exceptional investment opportunities.
According to a recent report generated by Macquarie Bank, there has been a sudden increase in the inflow of people from the country’s southern cities to Queensland at an alarming rate of over 1000 per week. In 2006, population increased by 115 percent, approx. 86,260. Nearly 80% of the people have settled at the southeast corner of the state making it the fastest growing area.
According to Marcus Gilmore, the Managing director of an Australian based real estate company, MLG Realty, international investors aiming for investing wise in real estate, especially in Melbourne are facing tough competition with local buyers.
These situations have lead investors expect an upswing in real estate market trend.
Keep hunting and all the best in your Investing…

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