Despite the challenges and the lengthy procedures, buying real estate in Australia is an ideal and rewarding investment. According to a report from the Global property guide, during the second quarter of 2016, the house prices in Australia increased by 4.65%. This is a welcome sign for the venturesome investors to look to the real estate market of Australia. Yes, this trend continues in real estate Caloundra wide and in every other major city of Australia.
Decline in rental vacancy:
As far as the rental is concerned, Australia has witnessed a considerable increase in the demand for rental properties. One of the reports filed by the magazine ‘Just Landed’ points out that in Sydney alone the rental vacancy rate has dropped to its lowest level as compared to the previous five years. This indicates the growing demand for rental properties Caloundra wide and in other major cities of Australia.
Earn more than the compound interest:
It is said that on an average rentals Golden Beach wide and also in other major cities of Australia have witnessed about 2.6% increase. All these highlight the bullish trend in the real estate market of Australia. Yes, by investing in such bullish real estate market of Australia you can make money which could be much more than the compound interest. Given the present real estate market scenario in Australia, the investor will earn considerably by holding on to the property; the more you hold on to the property the more you will earn. Given this scenario, your earning will be much more than the compound interest that you would have earned on your money in a reputed financial institution.
Importance of growth rate:
Perhaps you would agree that the real estate market varies from one city to another and this is true even in the case of Australian real estate business. For example, during the first quarter of 2017, South Melbourne witnessed a growth rate of about 10.6% as against the growth rate of 71% in Cranbourne, a suburb which is about 43 kilometers to the South East of Melbourne. Therefore, your decision to invest in real estate Caloundra offers or in other places of Australia should always be guided by the growth rate prevailing in the particular place. In addition to this, you should also consider the growth rate in the rental value of the property.
Location of the property:
As you know, growth in real estate Caloundra wide is guided by several factors like economic activity in the given place, location of the place, connectivity, and such other factors. In fact, human behavior in the given place also plays an important aspect while choosing the place for investment in the real estate. In addition to these, location of the property that you are planning to buy is yet another important factor that needs careful evaluation.
Look for increased economic activity:
The ideal approach would be to invest in a place where large economic activity is in progress, like, for example, the Sunshine Coast. Therefore, by investing in Sunshine Coast land for sale there will be higher potential for rental and growth in the real estate market.
Experienced real estate firms:
Considering the complexities in investing in the real estate market of Australia, you should look for experienced and reliable real estate firms like the http://www.henzells.com.au. Such firms will guide you suitably so that you get substantial returns on your investment.