If you are looking to invest in properties, then you should be reading lots of informational articles about real estate investment. However, those articles may seem not enough. If you are in a situation where you still don’t know which area to locate your properties, then you are in the right article.
The only thing that is inevitable in the real estate market is change. The changes in prices and location will always be present in all states of property investment. You can never avoid the changes but you can still feel comf
ortable and satisfied in your property choices if you have thought of your decisions very well.
Australia’s real estate market seems to have two speeds within August data. The real estate market is showing some steady growth in Sydney and Melbourne, while Perth and Brisbane saw falls, according to professional property researchers “Onthehouse”.
Melbourne’s real estate market has been dealing with the downward trend seen, which is seen in some capital cities, recording 2.3% growth in August by Onthehouse figures – the highest monthly growth rate seen in this market since March 2013. Growth in the city’s unit market was also positive in August at 1%.
Houses in Sydney held a fast and steady growth rate of 1.5% in August 2014, again based on Onthehouse research and figures, while unit rates slowed to 0.10% from a 2.35% pick up in July.
Onthehouse said that the overall national growth rate of the market has slowed significantly, however, with growth in the country’s housing market falling from 0.86% in July to 0.02% in August.
Real Estate growth in the unit market has also dropped during the same time period, from 1.62% to -0.37%.
Falls in other capitals
The Brisbane and Perth housing markets recorded the worst falls in capital city house values over the month of August, with prices dropping 1.7% and 1.84% respectively, based on Onthehouse data.
John Edwards, consulting analyst for Onthehouse, said, “The
Brisbane housing market continues to defy the growth trend seen across other capital city markets, in particular Sydney and Melbourne,” and he also mentioned that: “Brisbane now offers an attractive affordable lifestyle balance and as the Queensland government repairs its balance sheet, job opportunities and housing values will begin to increase.”
It will always be beneficial to speak with professional property advisers to know which area will be fit for your market needs, whether personally or for business purposes.