what state is best for buying real estate in australia at the moment?

Question

i'm considering buying something to rent out to pay for some of the mortgage. where looks good now?

Answer 1

Western Australia .. (its the new Sydney)
the properties there are cheaper (compared to other states) but the market is booming!!
so it wont be long before you make your money back on it.
Also, WA is a better lifestyle, better living, more families are migrating to there - so its booming

A friend of mine has just bought there and shes very impressed.

NSW is toooo expensive and the property boom is sluggish due to the interest rate rises here and people unable to pay their mortgage due to the high prices in the market.

QLD property is not making much money due to tooo many high rises/apartments and tourism isnt as big as it was before .. so your property remains stable ..

VIC is trying but they are also luggish, until they hits a high .. property remains stable also

SA is cheap but theres no rise atm so it can be years before you see an increase.

NT - unsure about this
TAS - cheap, lovely, but cold weather steers people away, but ive been keeping tracks and they are slightly rising.

Answer 2

In Australia Melbourne is the right way to buying real estate .In melbourne there are best conveyancer to help you to find out to buy real estate.They provide you best services about real estate property.

Answer 3

Melbourne is the best way of buying Real Estate in Australia.

Answer 4

I'm not in the position to buy property at the moment, but if I was I'd choose the ACT for two reasons. Firstly, property prices in Canberra are cheap when compared to Sydney and Melbourne. Secondly, it costs more to rent in Canberra than in any other city.

The only down side, so I have been told, is that you can't actually purchase land. Rather, you can purchase a 99 year lease.