Comparison and increase of median house prices between September 2008 and September 2018 in state capitals: daily Telegraph
According to the Daily Telegraph, a survey of changes in house prices over the past 10 years shows that if you want to make money from investing in real estate, the most important thing is to choose the right city first.
It is reported that Collilos (Peter Koulizos), president of the Australian Association of Real Estate Investment Professionals (Property Investment Professionals of Australia), has conducted a study on housing prices in thousands of urban areas and towns over the past 10 years. And draw some conclusions that can help investors make the right choice.
The findings point out that don`t believe that house prices double every 10 years. In once-prosperous mining towns, house prices are more than 40 per cent lower than a decade ago. Such as Port Hedland (Port Hedland), Sigradstone (West Gladstone) and so on.
Successful real estate investments are linked to long-term economic growth, not short-term financial gains, Colilloulos said. This means choosing economically diversified areas to invest in real estate rather than relying on a single industry.
In addition, it is better to choose a property close to the city centre than a property close to a beach or a peripheral city;
In most state-run urban areas, the price growth of independent homes is stronger than that of flats;
It is most important to choose the right city. In Adelaide, for example, even the best-developed areas of the housing market do not match Sydney`s worst-developed districts, for example. Therefore, first of all, choose the right city, and then choose the right city and street.
Yadney (Michael Yardney), chief executive of (Metropole Property Strategists), a metropolitan property investment strategist, said Australia had a lot of sub-prime markets, so the housing market should not be generalized. Each state is in different stages of housing market development, and the state can be subdivided by location, price, property type and so on. He cautioned that many investors were most optimistic when the housing cycle was nearing its peak, but it should be the most cautious.
