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.