While other countries are still in the grip of the global financial crisis, a resurgent real estate market is flourishing in Australia. Nowhere is this more evident than in Sydney, Australia’s financial capital.
More than 50% of the country’s leading corporations are based in Sydney. Another important part of the city is its vibrant tourism industry which draws some 2.5 million tourists every year. The whole city pulsates with economic activity
Sydney is also a cultural and entertainment center, with many locals and foreign visitors active in these areas. Many big-budget movies have been produced here – this is why a big number of would-be actors and actresses are drawn to Sydney aside from the tourists. The city’s Opera House houses five theaters and is the home of the world’s third busiest opera company, Opera Australia. Foreign investors would certainly be interested to acquire properties here that can be rented out to the huge number of people flocking to Sydney.
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In contrast to other western countries that are still struggling to get out of the global financial crisis, the Australian economy has surged back to health. Currently it’s a seller’s market in Australia as far as demand for residential units is concerned. Major cities like Melbourne, Sydney, Adelaide, Brisbane, Canberra, Perth, and Darwin can hardly … Continue reading
New and emerging markets draw in foreign investors because of the prospect of their continued development and the significant rates of their capital growth. It is advisable for them to invest in areas with strong rental opportunities because it translates in better returns on the yield and the capital growth. If the property has doubled … Continue reading
The recent financial crisis in the world has lead property prices in the US, UK, and other countries in Western Europe to fall significantly. But despite this, the property values in Australia are still performing well. There has actually been an increase in the median property prices in several markets for 2009. While some western … Continue reading
Australians are enamored by real estate investment. Big numbers of them, mostly people in their 60’s and up, are showing up at real investment seminars. Real estate investors in Australia have kept up with advancements in information technology, and the Internet is now their primary source of information instead of newspapers and other media. The … Continue reading
No one looks foreword to selling their house. It’s bad enough that you have to pack up all of your worldly possessions and moving them to a new location but on top of that you have to make your old home as appealing to potential buyers. Knowing that you have to sell your house wouldn’t … Continue reading
If you’re planning to buy a house or invest in real estate in Australia, there are some cyclical trends that you should be aware of. The rental vacancy rate rises and falls in a manner similar to that of land values and economic cycles. The variation of national rental vacancy rates generally falls within a … Continue reading
Australia has recently come out with a hotspot in property investment – Queensland. This can be attributed to a number of things, from the rise in population to the boom in the mining industry. Queensland’s population has been going up by at least 1,500 each week and that is why real estate is gaining in … Continue reading
Of all the reality TV programs that have come up and run short since the craze began, only some have made TV viewers to stay up and state, “Hey, I can definitely do that, and I can make a whole lot of money!” like the house-flipping TV programs that appear to be all over on … Continue reading
The decline of the stock market has caused a sudden interest in real estate investments. Real estate is an excellent and fairly safe investment because it eliminates the risk of having to work with corrupt CEO’s and, if your patient, it will increase in value. The idea of a real estate investment is to buy … Continue reading