Monday 16 November 2015

Which city is the next BIG THING?

We have heard it before, Sydney is one of the most expensive cities in the world to live in. It is loved and has seen huge progress of late in the property stock market. So we might ask the question, which Australian city is set to make waves in the near future? We know Melbourne has also seen growth and is becoming unaffordable in some parts, there is still some areas to snatch up a good home and growth is expected to increase in 2016 even though we are seeing a slower sales rate. What if you could buy a family home for under $400k, or better yet, less than $300,000. We know there are many remote areas where we could buy property and earn a good return, but we want growth, not just a rental income to cover the mortgage. We want to see our investment grow and double the equity within a matter of just a couple of years right? The next city set to see the spotlight has been in the making for some time now. With planning to increase the population, job creation, and affordability, extensive and careful planning around infrastructure are the right ingredients to see this to success. Investors from abroad have their eye on it, and the locals are catching on. Investors with big money and big plans have come from Asia and have purchased sites which will be transformed into high-rise living. Exceptional living quarters will gear this stylish and upcoming city to boom, driving more to own a piece of the pie. So where exactly are we expecting to see large scale developments and outer regions of this city transformed into a cosmopolitan bliss? The Brisbane region is your answer and the magic word is water. Buying can be difficult if you are not familiar with an area. We do require some assistance to determine which street or suburbs are better and how they vary. It's generally a safe bet looking at property with water views. For instance, the prices of property in Freemantle, Western Australia has jumped as its only 30 minutes from Perth but more-so because it is close to the West Coast. If you're not sure how to explore your options or how to go about purchasing interstate, contact www.primerealtor.com.au for more insight.

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