Property
investment Australia, Investment Properties Australia
Australia's love affair with
property continues into the investment arena with Reserve Bank
of Australia estimations that Australians who owned a residential
property that was not their primary residence (second homes and
investment properties), from 16 per cent in 2002 to 20 per cent
in 2006.
The home-ownership rate was
fairly stable between the survey periods (2002 to 2006), at around
67 per cent of households, of which around half owned their home
outright.
Compared with similar studies
done for the property owners in the USA which have the amount
of property owners with two or more properties at around 15 -18%
you can see that by comparison property investment in Australia
is a popular form of investment.
This would no doubt have peaked
over the last couple of years with the unprecedented growth in
real estate prices in Australia.
What is relevant for property
investment in Australia is that the levels of capital growth experienced
over the last 15 to 20 years to now 2009 is extremely unlikely
to continue.
This is despite the property
industry and its associated spruikers which unfortunately seems
to include nearly all main stream media continuing to talk up
property prices.
The reason behind this is
fairly obvious as real estate advertising particularly in print
media in Australia has long been a cash cow that the newspapers
are more than happy to continue to support.
If this means always putting
a positive spin on any real estate story so be it, on top of this
you have various levels of government continuing to prop up real
estate prices the worse example of this being the Rudd governments
extension and expansion for the first home buyer scheme.
The harsh reality in Australia's
real estate market is that the property bubble that has been building
for over 15 years is now in 2009 set to start deflating.
So it is pure speculation
to expect Australian property investing will return huge capital
growth in values over the next few years.
It would be more sensible
to look to property investing with the idea of getting good rentals
returns and taking advantage of Australia's current low interest
rates by fixing you borrowing rates with you financial institution.
|
Find
the best real estate agent and receive a refund off the agents
selling fees more.....
Selling with a Refund –
like WOW.
What an innovation. You get
real estate agents screened for you to offer the best service
AND get a bonus at the end.
There is nothing like seeing
the many thousands of dollars spent on real estate commissions
on your final settlement statement and knowing that a part of
it will come back to your own pocket.
Scott and his team are ground
breakers and I can’t thank them enough for the wonderful communication
together with the prompt and efficient service I received. Thanks again.
Rachael Manners,
Western Australia
|