The rise of the Australian property market is making headlines overseas, with overseas investors now looking to the Australian for a safe market to invest largely due to the Australian economy benefiting from the continued demand for mining resources from China and India.
This week the China Post made specific reference to the continued strong performance of the Australian property market, and pointed to data from the Real Estate Institute of Victoria indicating the city of Melbourne is Australia’s top performer when it comes to growth in house prices.
In the article David Airey President of the Real Estate Institute of Australia (REIA) indicated the Australia market had surged 12 per cent in 2009 and by 18.5 per cent in Melbourne.
We Find Houses Managing Director Paul Wilson says, “ It is no surprise to me the rest of the world are looking to Australia for long term safe investments, and especially in property. The forecast by the REIA indicate their will be sustained growth ahead, with better than average returns to be made in specific niche markets, and finding these niche markets and identifying property investments is what we do best.”
Importantly the REIA noted the average Australian house price was $334,100 in 2005 and estimate the average price for 2010 was $481,310.
“We Find Houses work with all types of customers including overseas investors, and Australian expats looking to invest in Australia, we have customers located in from over ten different countries, including property investors from South Africa, the United Kingdom, and New Zealand.”
We Find Houses is a national company providing personalised services to property investors and homebuyers. If you would like more information on We Find Houses contact Paul Wilson and his team on 1800 600 890 or click Property investment Australia to send an email.