Kamal Sehgal is an award winning Australian Real Estate Agent. Kamal Sehgal has extensive experience in business, sales, real estate and many other industries.
3. WHEN IT COMES TO THE AUSTRALIAN HOUSING MARKET IT IS
SAFE TO SAY THAT IT HAS BEEN ONE OF THE BEST
INVESTMENTS FOR INTERNATIONAL INVESTORS IN RECENT
YEARS. THERE ARE SOME IMPRESSIVE REAL ESTATE FIGURES
COMING OUT OF SYDNEY AND THE REASON IS DOWN TO THE
FACT THAT AUSTRALIA RECENTLY WENT THROUGH A HOUSING
BOOM. THE SITUATION HAS SLOWED DOWN SLIGHTLY NOW BUT
PRICES AND DEMAND FOR AUSTRALIAN HOUSING, ESPECIALLY
IN THE SYDNEY AREA HAS REMAINED STRONG ACCORDING TO
NEWS REPORTS IN THE SYDNEY MORNING HERALD.
4. THE ASPECT OF THE AUSTRALIAN HOUSING MARKET THAT IS
OVERSHADOWING EVERYTHING ELSE AT THE MOMENT
HOWEVER IS THE RENTAL MARKET. INCREASED MORTGAGE
RATES MEANT LESS INVESTMENT IN BUY-TO-LET, WHICH
RESULTED IN LESS AVAILABILITY AND PROPORTIONALLY
HIGHER DEMAND, RESULTING IN HIGHER RENTS AND
SUBSEQUENTLY A HIGHER COST OF LIVING. THIS DOESN'T
HOWEVER MEAN THAT PEOPLE HAVE STOPPED OR ARE GOING
TO STOP PURCHASING PROPERTY IN THE SYDNEY AREA,
ESPECIALLY AS INTEREST RATES ARE ON THE WAY DOWN
AGAIN.
5.
6. EVEN THOUGH IN RECENT YEARS THE OVERALL HOUSING
MARKET IN AUSTRALIA, AND THE REST OF THE WORLD, HAS
EXPERIENCED SOME BLEAK TIMES; THERE IS LITTLE DOUBT
THAT IT HAS A STRONG FUTURE. THIS IS BECAUSE PEOPLE
WILL ALWAYS NEED SOMEWHERE TO LIVE AND SYDNEY, AS I
HAVE PREVIOUSLY MENTIONED, IS ONE OF THE MOST IN
DEMAND AREAS WHEN IT COMES TO THE AUSTRALIAN REAL
ESTATE MARKET.
7. THE REAL ESTATE WITHIN SYDNEY IS DIVERSE AND THE
POPULATION IS QUITE SPREAD OUT, EVEN THOUGH IT IS ONE
OF THE MOST DENSELY POPULATED CITIES IN AUSTRALIA. IT IS
AN EXTREMELY DESIRABLE PLACE FOR PEOPLE TO PURCHASE
PROPERTY AND CURRENTLY SOME OF THE MOST POPULAR
BUYING OPPORTUNITIES IN THE PROPERTY MARKET REVOLVE
AROUND INNER CITY SYDNEY APARTMENTS. THIS IS BECAUSE
THESE PROPERTIES ARE CONSIDERED TO BE SIGNIFICANTLY
UNDERVALUED WHEN THEY ARE COMPARED TO THE
SURROUNDING SUBURBS.
8. EVEN THOUGH SYDNEY REAL ESTATE IS NOW CONSIDERED TO
BE THE MOST EXPENSIVE OF ALL THE AUSTRALIAN CAPITAL
CITIES, ACCORDING TO A 2008 GLOBAL PROPERTY GUIDE
REPORT; YOU CAN STILL PICK UP A COMPARATIVE BARGAIN,
SUCH AS THE INNER CITY APARTMENTS MENTIONED ABOVE.
9. PROPERTY VALUES IN THE SYDNEY AREA HAVE SHOWN LITTLE
IN THE WAY OF GROWTH OVER THE PAST FIVE YEARS BUT THE
ONE THING SYDNEY IS DEMONSTRATING IS SOME FANTASTIC
BUYING OPPORTUNITIES. THIS IS TRUE WHETHER YOU ARE A
FIRST TIME BUYER OR AN EXPERIENCED BUYER.