Property Price trend in Australia | Property Prices of Different cities of Australia | Market Value
Are you looking for Property Price Trend in Australia? Then you must read this.
Moreover, Australia or the Commonwealth of Australia is the largest country in Oceania continent. However, It is the world’s sixth largest country by its total area. Australia’s capital is Canberra and its largest city is Sydney. Australia has the world’s thirteenth largest economy and is among the tenth highest per capita income.
Thus, It has scored second in world’s Human Development Index. However, The country ranks high in Health, education, quality of life, economic freedom, civil liberties and political rights. Australia has the world’s 9th largest immigration population. Moreover, The immigrants account for 26% of the population in the country.
Property Prices In Australia:
1. Adelaide City:
However, The market is showing good value or properties. Many fundamental indicators exist which support strong growth. It is showing some value opportunities. Moreover, It has high value suburbs. The economic situation is slightly positive with moderate year on year increases in market value. The market in Adelaide city is affordable. However, The properties listed in this area for sale are 24,388. Thus, The average infrastructure spending is $5.3 Billion.
2. Perth city:
The property is showing good value. Many fundamental indicators exist which support strong growth. The market is showing some good value opportunities. The affordability remains slightly positive in Perth city with a affordability index of 25%. It has third largest yields in Australia. In greater Perth mining activity contributes for about 14%. Perth is followed by a negative trend of immigration. Major Infrastructure spending in Perth $5.08 billion.The properties listed or available in Perth are 25,061. Public Infrastructure spending in Perth is $5.08 billion.
3. Darwin City:
Moreover, The market is showing good trends as well as good value for properties.Many fundamental indicators exist which support strong growth. However, Yields in Darwin is showing a downward trend. Darwin’s population has increased by 2.5 PA. Darwin is currently among the 15th most populous area in the nation. Currently, we classify Darwin as a high risk investment based on the size of the population.
4. Melbourne City:
The market is showing good value on properties. Many fundamental indicators exist which support strong growth. The market is showing some value opportunities. The economic situation is positive for Melbourne. The affordability index is 4.4%. The house prices in Melbourne have grown 56% since 2004. The yields are up to 2.8%. Median rent of houses in Melbourne is $410 per week.
5. Brisbane City:
The market is showing good property rates in this area and there are many opportunities for good property prices. The affordability rate in Brisbane is 29%. There is a great demand for properties in Brisbane. Brisbane has been under performing its long-term average of 7.86% over the past five to ten years. Diversification exists with all sectors contributing 04% or less to GSP. The public infrastructure spending of Brisbane city is $4.3 billion. The population of greater Brisbane city is 22,53,756.
6. Hobart City:
It is currently the 04th most populated area of the nation with a population of 222,802. The properties are showing good values. Many fundamental indicators exist which support strong growth. The infrastructure spending of Hobart city is positive. The yields of Hobart city are upto 4.5%.
7. Sydney City:
The Sydney market has peaked with a growth rate of 200%. Yields for houses in Sydney are upto 2.8%. The affordability rate in Sydney is negative. Despite high property prices, there is a great demand for properties in Sydney. The market is showing some value opportunities.
Hence, these are some of the areas of Sydney with their property prices.