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Is now a good time to buy property in Australia?

Right time to buy property?

YES! If you are looking for an investment property, the good time to buy real estate is now!

Different states in Australia are in different phases of property cycle. Some state are booming, while others are in the slump phase of the property cycle.

 

When is the right time to buy property?

April 2018

Real estate investment is always about timing and seizing good opportunities. Buying the right property, in the right location for the right price.

Those who are starting in investment property tend to invest in real estate within five to ten kilometer radius of where they live. That's because it's the area that they are most familiar with. However, the local markets may not be in right phase of  property cycle to invest in, or simply the right opportunities may not exist.

Experienced property investors, on the other hand, invest where there are opportunities. They look for the right property, in the right location and for the right price. Looking for the buyer's market!

Now is a good time to buy real estate

Remember, it's about timing and seizing opportunities.

Here are some data recently released by domain.com.au

Sydney Property Market

The median house prices in Sydney are $1,150,357 (a negative growth of 2.6%)

The median unit prices in Sydney are $740,041 (a negative growth of 0.5%)

 

Melbourne Property Market

The median house prices in Melbourne are $914,518 (a positive growth of 0.1%)

The median unit prices in Melbourne are $505,861 (a positive growth of 0.7%)

 

Brisbane Property Market

The median house prices in Brisbane are $557,214 (a negative growth of 0.6%)

The median unit prices in Brisbane are $740,041 (a negative growth of 4.3%)

 

Canberra Property Market

The median house prices in Canberra are $727,914 (a positive growth of 0.8%)

The median unit prices in Canberra are $411,004 (a negative growth of 2.2%)

 

Perth Property Market

The median house prices in Perth are $553,486 (a negative growth of 2.0%)

The median unit prices in Sydney are $351,048 (a negative growth of 3.7%)

 

Hobart Property Market

The median house prices in Hobart are $450,349 (a positive growth of 2.7%)

The median unit prices in Hobart are $325,944 (a negative growth of 5.7%)

 

Adelaide Property Market

The median house prices in Adelaide are $533,525 (a positive growth of 0.8%)

The median unit prices in Sydney are $316,851 (a growth of 0.0%)

 

Darwin Property Market

The median house prices in Darwin are $520,074 (a negative growth of 7.5%)

The median unit prices in Darwin are $308,999 (a negative growth of 15.9%)

 

Contact us if you need help with buying your next property anywhere in Australia. We help buyer's make informed decisions.

 

 

 

Next Step?

Have a question or want to get started?

Call Khalid Nayab on 0437 399 927