The first thing you need to bear in mind is the fact that the number of first-time home buyers in Australia is quickly rising and is, at this very moment, reaching its five-year high. Sure, it still isn’t where it was prior to the 2008 crisis, yet, at this pace, we might reach this level of real estate trust sooner than many have expected. With that in mind and without further ado, you might want to start considering investing in Australian real estate in 2019, as well. If you already lean towards this idea, here are five places that should be the first five locations for you to consider.
The first reason why Brisbane is such an amazing place to buy real estate in is due to the fact that it’s a market that’s somewhat less saturated than Sydney and Melbourne. Also, the prices of real estate are low and dropping, while there’s an increase in the influx of Chinese tourists in the area, which makes for some amazing opportunities in rental property. It’s also important to mention that Brisbane is a major Australian business hub, which means that the expanding job market may make it a more lucrative area to move to.
Melbourne property market is yet another big point of interest for real estate investors in 2019 and there are several valid reasons for such state of affairs. First of all, there’s a high level of demand for new homes, which means that should you feel the need to sell or rent out a place at a later date, you shouldn’t have any trouble doing so. Schools in Melbourne are still rated as some of the greatest in the country, which makes this place a valid choice for those who plan to start a family in the nearest future.
In general, the value of property in Sydney is on the decline (up to 8 percent during the last year), which means that now is the time to invest. Keep in mind that Sydney is the beating heart of Australia, it’s the most popular, most renowned and most populous city. This is something that’s unlikely to change anytime in the future. Even if the value of standard housing in Sydney may be on the decline, bear in mind that there are some real estate markets that are, even today, booming. For instance, luxury display homes in Sydney are still in great demand, due to the fact that they combine the idea of luxury lifestyle with a prime Australian location.
Tasmania seems to be the state that’s getting more and more interest by real estate investors. Now, due to the fact that the last month saw the first dip in the value of Hobart property in almost five years, the truth is that the value of houses there are still significantly larger than they were this time last year. While some may be willing to wait for a while in order to see if the prices will go even lower, a lot of people are quite reluctant to see whether this is indeed a trend or just an anomaly.
One more place worth considering is definitely Adelaide, seeing as how, here, the tables have turned in favor of home-owners and investors in the local real estate market. This is due to the fact that there are more properties for sale than there are buyers and the buyers are quickly starting to realize the superior position that they’re in. This makes them hold back their purchase decision in order to check out more options. Needless to say, this only gives them more leverage in a situation that already favors them.
Of course, the actual investment would require you to pay a lot more consideration and do more research on the suburb than the city or state itself. When making such a vital investment, there’s no such thing as investing too much effort into research or being too ready. Nevertheless, with so many potential options, being able to narrow down your search to these five cities can be incredibly helpful.