Australian house prices rise of about 6500%, the strongest increase in five decades
The factors supporting the long-term stability of Australia's housing market include its own long-term stable economic development. In addition, continued housing shortages, booming tourism and surging population growth have also helped the housing market. Sydney is the largest city in Australia, leading the country in terms of finance, population, culture and tourism. Its housing market also has potential. Sydney is a must-see city for overseas real estate.
A new report by the Swiss Bank For International Settlements (BIS) looks at the effects of short-term interest rates on house prices in 47 of the world's leading or emerging economies. Over the past 50 years, Australia has experienced the world's sixth-biggest increase in house prices, the report said. There is the property for sale in northernTasmania.
In the BIS report, researchers used data to determine whether property in these large economies was a good long-term valuation, and the answer was yes. Australian house prices have risen 6556% since the 1960s, an average annual increase of 8.1 percent, the report said. In addition to Australia, house prices in the UK and New Zealand have continued to grow strongly for more than 50 years. "In an economy with robust house prices, such as Australia, its value is on its sustainability," the report said. If you want to buy real estate, please contact us.
"The "safety" and "transparency" of Australian real estate guarantee the long-term stable market growth
Australia was ranked as one of the most stable and safe countries for real estate environment in the world in 2018 by AFIRE of the United States in its 26th survey on the global real estate environment. The survey shows that Australia, with its stable political and economic macro environment, has become the fifth most stable destination for real estate in the world. We provide house real estate.
Angie Zigomanis, head of research at the BIS Oxford University institute of economics, said: "Australia has not experienced a recession in 25 years and property prices have grown strongly in most areas. In addition, Australia's stable politic is also an important factor to attract foreign countries. Consumers see potential and capital security here.”
In addition, another report points out that Australia's real estate transparency ranks second in the world. The main reason is that Australia has a very strict and perfect legal system to define and protect property rights and Australia provides an open, fair and orderly bidding process.
The construction of additional housing cannot ease "house snatching". The demand for Australian real estate is high
Australia has been suffering from a housing shortage, with prices continuing to rise as demand outstrips supply. For this reason, the Australian government has adopted "building more housing" as a solution to this problem, but the result has not been as expected. In the past few years Sydney has experienced an unprecedented housing boom. More than 200,000 homes are expected to be built in the five years from 2016. But more buildings has not ease Australia's “house-grabbing” trend.
Australian house prices have risen by nearly 70 per cent since 2012. Recently, the Land Release And Housing Supply Survey of the state council of new South Wales concluded that large-scale construction projects have little impact on the housing prices of the state, which means that the demand for Australian real estate is also increasing with the increase of supply, and the Australian housing market will continue to be hot in the future. We provide house for sale au.
A low-density apartment next to a prestigious school in Sydney's affluent section
As mentioned above, the key to Australia's current status as one of the favorite destinations for overseas buyers is its long-term and stable market environment. "The factors supporting the long-term stability of Australia's housing market include its own long-term stable economic development. In addition, continued housing shortages, booming tourism and surging population growth have also helped the housing market. Sydney is the largest city in Australia, leading the country in terms of finance, population, culture and tourism. Its housing market also has long-term stable potential. Sydney is a must-see city for overseas real estate.”
17 Snowy Street, Wodonga VIC 3690
$399,000
Located in Moorefield Park Estate close to schools, Wodonga golf course, public transport and only a short drive into Wodonga's Central Business District, this beautiful family home is positioned on a low maintenance and lovely landscaped allotment offering space, style and comfort throughout.
103 Tarakan Street, Wodonga VIC 3690
$209,000
Affordable opportunity, positioned close to schools, shops, sporting facilities and the local aquatic centre.
With huge potential in a great location, this three bedroom home is just waiting for a little bit of love from the keen renovator.
It offers a cute façade, good size kitchen with walk in pantry, generous bathroom plus heating and cooling.
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