Sometimes, it takes having a great strategy, a well-thought-out game plan and perfect timing to take advantage of some of Australia’s best investment property opportunities. In order to maximize your efforts, you should first seek out desirable areas before they become well-known to the public or other investors, taking into consideration the various shifts in demands from buyers and sellers within the Australian property market. Overall the nation’s housing market has experienced somewhat of a decline with respect to the median home prices according to the Residex median value index. Where the home value reflected a decrease of 0.86% and a decrease by 0.87% in unit sales.
Property prices in Australia fluctuate because of the availability in certain areas. The affordability can limit certain buyers from making purchases in the areas they want, so they tend to seek opportunities in nearby suburbs. This consequently creates somewhat of a ripple effect and drives prices up, mainly in cities within the regional areas and in the capital city itself. This typically has an effect on those who are interested in buying a house in Australia because in most cases it will be their primary place of residence. However, with respect to where to buy investment property in Australia, investors should look for key signs that suggest that there are going to be opportunities for growth in the area. They should look out for signs such as the development of major infrastructures, including schools, transportation systems and new roads. These indicators are usually followed by the development of new homes. Additionally, it’s also an indicator that it will cause any property already in the area to experience an increase in value.
Although investors may take notice of signs for growth early on in the infrastructure development process, it could still be years before home values increase in value and investors are able to gain a return on their investment. However, earlier investments are made into these areas with potential for growth in value, the larger the ROI will likely be.
Other key indicators that certain areas have good investment opportunities include a major shift in demographics, which often has a huge effect on the property value. Especially in certain areas where shifts that consist of single occupancies to family-oriented occupancies will drive the demand up for larger homes in specific areas.
One area that can be helpful in monitoring upcoming investment opportunities consists of monitoring various real estate trends in Australia. Including changes in rental property, changes in the vacancy rates, changes in homeownership rates and changes in home sales data. These areas indicate a change in both demand and in investment opportunities.
Some of the houses for sale in Melbourne Australia are listed at $1.85 million in areas such as in Glen Waverley. Whereas houses that are located within the inner eastern part of Melbourne’s suburbs are expected to see an increase in earnings by about 12% growth over the next 12 month period.
Investors who will be investing in Australian property in the Melbourne area may experience a return on their investment for properties that have been held long enough to see the properties experience an increase in value. For example, nine of Melbourne’s suburbs are anticipating an increase in earnings by 12% for single-family homes and units. This is especially true for areas such as Doncaster East, Mount Waverley, Glen Waverley and.Balwyn.
The Balwyn area is expected to be one of the top five areas to invest in. This is because there is expected to be a growth increase in home and unit sales in that area. The median home price in this particular is $1.85 million, whereas the median prices for units is $760,000.
Based on Melbourne’s historical home sales, it is anticipated that properties within the overall metropolitan area showed strong growth increases within the previous year due to a strong buyer’s and seller’s market within all of the housing price points – from the first time home owner rate to the upper-class prestigious homes.
However, it's in Sydney, where units in the Bondi Junction have been forecasted to provide investors with the strongest returns on their investments, where the median home price is $975,000 – resulting in estimated ROI’s at 9%.
Aside from standard home sales, many investors have recently started investing in properties with granny flats or flat pack homes, as a way of getting a higher return on investment. In Australia, granny flats and flat pack homes are allowed to be built more easily, so that there are more properties are available at affordable price. It is also a low-maintenance rental property where investors can easily place in a desirable location.
According to Pop Up Homes, manufactured homes also make a great addition to an existing property, such as adding a cabin in your backyard. They also make a deluxe camp accommodation and much more. Depending on the location you’re renting your granny flats and how much you invest in the build, how much your yield is can be varied
As an alternative to purchasing a home, consider purchasing prize home tickets as an option to owning your own property in the Gold Coast area. The prize homes gold coast drawing consist of three opportunities to win a home as follows:
yourtown - Draw 461 – purchase tickets for an opportunity to win one of two luxurious homes. One is located in Noosa and the other is located in Sydney.
RSL Art Union - Draw 340 has a 3 apartment opportunity where you could win a Sydney, Melbourne & Brisbane Luxury Apartment, all worth $2 Million.
Mater - Draw 267 provides an opportunity for a prized home valued at 1.9 Million.
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