WHY BUY IN AUSTRALIA
Australia has some of the best real estate in the world. With a growing population of just over 21 million people we are blessed with a range of features that make our real estate market highly sought after by home buyer, investors and developers. Some of the key reasons why buyers choose Australian real estate include:
● World class cities- Melbourne being voted Number 1 - The Most Liveable City in The World.
● Excellent lifestyle benefits - famous surfing beaches, beautiful harbour, restaurants, entertainment and sporting facilities and fabulous natural landmarks.
● Resilient, stable and growing economy with a federal budget surplus
● Very stable political environment
● Abundant natural resources
● Highly educated workforce
● High levels of immigration
● Very friendly, diversified and laid back culture
● World class medical facilities
● Low pollution and congestion
The value of Melbourne property market has traditionally doubled in value every 7-10 years over the last 100 years. Its current median price for houses is now in excess of $550,000 and leading economic forecasters BIS Shrapnel predict Melbourne house prices will continue to rise 21% over the next 3 years and further over the long term. We are now in a new property growth cycle and situation of continuous under-supply. This is evidenced by rental vacancies down to a record level of around 1.0% (less than 1 week), healthy auction clearance rates and prices rising in high demand lifestyle areas.
We have a completely different market to the US. In Australia we have a situation whereby we are currently under-supplied by around 250,000 dwellings!
Melbourne is surrounded by national parks and contains large areas of natural bushland scattered throughout suburban areas. The Melbourne property market can be divided up into 5 major zones: North Melbourne, CBD, South Eastern Suburbs, Bayside suburbs and Western Suburbs. Identifying the hotspots of capital growth for Melbourne requires strong market knowledge and analysis. We closely monitor the Melbourne market and can advise international clients on areas that are likely to provide significant long term capital growth.
Melbourne provides investors one of the best places to invest in real estate in the world. Australia has a long history of solid economic growth rate was very resilient during the Global financial crisis and was one of the first economies to rebound into positive growth in 2009. A strong domestic economy resilient to international shocks and with a stable government provides an excellent platform for property investing.
While our head office is based in Melbourne, we regularly travel to other parts of Australia to source property. Using our trusted network of property specialists we also help you source suitable properties in other capital cities and regional areas to meet your specific property requirements.