The Land Down Under isn’t just a haven for discerning tourists who want to see more of the Southern Hemisphere. With its rich culture, breathtaking views and laid-back environment, there’s no doubt the country is also an ideal place to live and work. Immigrants from across the globe are discovering the great opportunities, given how Australia has one of the most stable economies on the globe.
Australia's New Home Sales Continue to Rise: What Fuels the Growth?
1. Australia's New Home
Sales Continue to Rise:
What Fuels the Growth?
Modeina
Address: 114-124 Rockbank Middle Road
BURNSIDE VIC 3023
E-mail: info@modeina.com.au
Phone: 1300 724 723
2. The Land Down Under isn’t just a haven
for discerning tourists who want to see
more of the Southern Hemisphere. With
its rich culture, breathtaking views and
laid-back environment, there’s no doubt
the country is also an ideal place to live
and work. Immigrants from across the
globe are discovering the great
opportunities, given how Australia has
one of the most stable economies on the
globe.
Australia has built a strong reputation for
being the happiest industrialised country
in the world, boosted by indicators for
housing. In fact, a new study reveals that
property is now its biggest industry –
larger than mining or financial services.
Though Australia may not have the
history like that of the United States or
the United Kingdom, it surely has a
bright future ahead.
3. The new Australian dream is to own a house in the suburbs. Many homebuyers today consider
Western Melbourne as the most desirable location, whether to downsize, to start a family or to
accommodate a growing family. The quality of life in Brimbank, Hobsons Bay, Maribyrnong, Melton
and Wyndham is high.
Instead of renting, many Australians can now buy their own home and settle where they would like.
Even if there’s only a slight decrease in property prices, it still offers an opportunity for homebuyers
to own a home they can call their own.
Aussies are hearing lots of negative news, not to mention the obstacles that come with housing
affordability. The past few months saw many Australians worried about not getting a foothold in
the property market. This is why the decline in house prices is great news.
Several reports claim that new home sales have increased by 0.6 percent – with sales for
detached houses and units growing by 0.4 percent and 0.9 percent. From a regional perspective,
sales of residential properties in Western Australia rose by 0.9 percent. Industry professionals
note that this is the fourth consecutive monthly increase.
Australia’s Biggest Industry
More and more homebuyers today are
making the move, as home prices across
Melbourne, Brisbane, Perth and other
Australian capital cities fell for the first
time in six months. Property prices in
Melbourne dropped 1.7 per cent, while
Sydney saw a 0.7 per cent drop.
Living in the Suburbs
Resources:
http://www.afr.com/real-estate/commercial/property-now-australias-biggest-
industry-property-council-says-20150527-ghajmt
http://www.modeina.com.au/
http://www.businesstimes.com.sg/real-estate/australia-home-prices-fall-09-in-may