Australia has long been a preferred holiday and investment destination. The climate, the good quality of life and many other economical advantages it offers to property investors from all over the world. Australia has on offer a wide array of lifestyle properties that include country homes, waterfront real estate, farms and weekenders, holiday apartments, acreage and investment properties.
It is claimed that the prices of residential properties in the largest Australian cities are likely to rise by up to 19 percent in the next 3 years. According to the latest analysis revealed by economic forecasters BIS Shrapnel, the real estate market conditions in major Australian cities such as Melbourne and Sydney are showing signs of sustained recovery. Earlier, the Real Estate Institute of SA had said that the South Australian real estate market has been marching onwards in its strength and stability after completing the year 2008 on a positive ground. The update report indicates that the median prices in all areas of the market including auctions, private treaty sales, and rent and yields have grown steadily. In 2009, the interest rate cuts and the substantial increase of the first home owner grant contributed to the increase in the market activity. Prices have also stabilized encouraging new buyers of real estate.
Australia’s federal government has recently increased the First Home Buyers Grant to $14,000 for all first home buyers and to $21,000 for people buying a new home as their first home. This move by the federal government is believed to encourage the first home buyers and to stimulate growth in the housing sector.
Realestate.com.au is Australia's most popular real estate website. This site has useful information to guide you in matters related to Australian real estate. Using this site you can buy, rent or share your house, know about new properties coming up, shops, commercial property, vacant land and holiday rental accommodation. You can get help in finding a home loan or a real estate agent. It offers search option from your mobile phone. You can also get home renovation information on the relevant section. The site has many step by step videos and several tips, ideas, guides and DIY articles for the benefit of consumers interested in Australian real estate. There are useful links that can help you in preparing to sell your property and on choosing an agent. You can advertise your property for sale on the site as well. You can get advice on right time to sell and on how to know how much your property is worth along with the latest auction results.
The Real Estate Institute of Australia (REIA) is the national professional association of the real estate industry in Australia. This non-political organization provides researched and well informed advice to the Australian government, the opposition, public and the media on the issues related to the real estate market. It enjoys the status of being the most credible source of information and considered opinion on residential and
commercial property markets in Australia. REIA represents Australia in the International Consortium of Real Estate Associations (ICREA) as one of its founding members.