Is it a truly bad time to invest in Australia’s real estate?
by Global Property Guide team
The Daily Telegraph in Australia reports that “rents will jump due to a dramatic fall in the number of apartments built this financial year” (courtesy of BIS Shrapnel) and that because of the superannuation law that is due to change in the second half of this year, most properties are being bought by owner-occupiers.
(What is superannuation? Superannuation is a form of savings where money is set aside by you and/or your employer and invested for your retirement. It is generally an ideal way to invest money for your retirement. Many funds also pay benefits if you die, or if an illness or accident makes you unable to work. See Superannuation)
How does this affect Australia’s rental market in general? You can check out the following links to relevant news about the critical situation in Australia’s real estate today:
Australia: Rents to jump for years
Australia’s rental crisis to get worse, say agents
Peter Ryan reports on Australia’s worsening rental property outlook
Be fair and fix a price for rental properties
We are inviting you to discuss this into our growing roundtable, see the GLOBAL PROPERTY GUIDE FORUMS.
Australia and New Zealand are facing what the states have been through
in the past few years. I think it is a good move however I would
suggest hocking up with a realtor holding a CIPS designation to make sure
that you are able to do things right.. As you know each country has rules
and regulations that make a big difference when investing.
If you don’t know how to find a agent with CIPS let me know and I will
let you know. thanks.
Inaas
inaas
February 28, 2007
Investing is relative, so it is always a good time to invest, no matter the market conditions. However, a bad market for real estate is usually the best market for professional real estate investors.
Scott
Scott
March 1, 2007
I honestly couldn’t tell you about the rental market, but we do loans in Australia for non-residents and people are still buying strong, escpecially from the UK & suprisingly a lot of inquiries from South America….
TJ2007
March 1, 2007