The most potential real estate areas in Australia
As one of the multi-ethnic countries with an increasing percentage of foreigners settling in Australia. The Australian property market has become vibrant and attracts a lot of investors. If you are looking to invest in Australian property to live in or to rent out, you should definitely not ignore the most potential real estate areas in Australia.
Most Vietnamese focus on choosing to resign in three big cities: Melbourne (Victoria), Brisbane (Queensland), Sydney (New South Wales).
Melbourne City (State of Victoria)
The capital state of Victoria - Melbourne is the second largest city in Australia. This place is also known as the most livable city in the world. The reason why the Melbourne real estate market is increasingly vibrant and developing is the steady increase in population over the years. Moreover, the demand for buying and renting houses is increasing.
According to QBE Insurance Fund, in the future, although supply will increase sharply, it will not be able to meet the growing demand for real estate rentals. Therefore, investors should seize this opportunity to invest in potential projects in Melbourne, creating profit opportunities in the future.
Statistics from the Australian Foreign Investment Review Board (F.I.R.B) show that Vietnamese people increasingly own more real estate in Australia, mainly concentrated in Melbourne - the city rated the most livable in the world for 8 consecutive years and is the place with the largest concentration of Vietnamese people.
Melbourne's west and north have many suburbs that are fastest capital growing including Truganina, Tarneit, Point Cook, Melton South and Wyndham Vale. Prices in these areas will be lower than the eastern region, so clients can consider choosing suitable areas and projects.
Brisbane City (State of Queensland)
This is a newly emerging market, but thanks to its stable and steady growth rate, Brisbane has become a potential investment area. Up to now, real estate values in Brisbane city have increased by 5%. With this rate, Brisbane is a worthy place for investors to consider.
The Brisbane real estate market tends to grow steadily over the years. With the ability to attract strong foreign investors, Brisbane is expected to become the capital with a real estate market in the top 5 in Australia.
According to the latest data from the Real Estate Market Monitoring Institute of Queensland, as of June this year, the average house price in Brisbane recorded an increase of 0.7% compared to a year ago. reaching a record high price of 680,000 AUD.
Sydney City (State of Wales)
According to QS Best Student Cities magazine, Sydney is the city in the TOP 10 worldwide, and is often confused as the capital of Australia because of its prosperity and modernity. Sydney property interest is recovering from the epidemic. The auction clearance rate is always high at 70% - 80% shows that there are more buyers than sellers. This high clearance rate invariably leads to Sydney property prices higher.
Meanwhile, Sydney's eastern suburbs continue to be a promising area with excellent growth for investors. Buyers can find houses in the city's western suburbs including Liverpool, Kellyville, Blacktown and Mt. Druitt.
Adelaide City (South Australia state)
A report by CoreLogic shows the sale price of Adelaide properties higher than their previous sale price in the March quarter of 2021 reached 93.6%.
Adelaide's house market is often seen as an affordable option when compared to the eastern states, but buyers are becoming spooked by rising property prices and competition.
In addition, the Australian real estate market also recognizes emerging areas such as Adelaide city (South Australia state), Perth city (Western Australia state), Wollongong city, Gold Coast city.
