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There are several reasons why Australia is a sought-after location for genuine investment buyers. Its geographical location, low-interest rates, and various government incentives encourage real estate buying.
Finding the right home in the right location can be an uphill task. Moreover, you may miss many opportunities because you can only look in so many places yourself!
For such reasons, connecting with an investment buyer’s agent is advised to help you find the most profitable property. Buyer agents do all the hard work for you, ensuring you find a suitable place at a competitive price. Just like real estate agents ensure that the seller receives the highest bid, an investment buyer’s agent works on your side.
Now that it has been established that Australia is a real estate paradise. Let’s explore some of the most expensive cities in the country.
Sydney
Median house price: $1066493
- Sydney is the most expensive Australian city to live in. It is also ranked 15th among the world’s most expensive cities!
- Sydney is home to some of the most affluent residents in the country (think celebrities and businesspeople).
- 9 out of 10 of the most expensive Australian suburbs are in Sydney!
The job prospects in Sydney are also optimistic; Sydney has an unemployment rate of 3.8%, which is below the national average. The city also accounts for almost half of Australia’s economic growth.
Melbourne
Median house price: $782053
- The second largest city in Australia, Melbourne is also an immense cultural hub.
- It is home to many museums, art galleries, and sports hotspots spanning tennis, F1, cricket, and football.
- A downside, perhaps, could be Melbourne’s weather. It is very unpredictable and could change instantly because of its geographical location.
Perth
Median house price: $561781
- Perth experienced the highest increase in the cost of living as compared to all other cities.
- It has a cost of living index that is very close to Sydney’s.
- Hot temperatures, the abundance of parks, and an urban crowd make Perth a lucrative marketplace.
Fun fact: Perth has Quokkas, the happiest animals in the world
Brisbane
Median house price: $762284
- Despite being the 3rd largest city in Australia, the median house price in Brisbane is cheaper than a total of 21 cities. This includes 18 non-capital places.
- And although the city centre is lined with towering skyscrapers, Brisbane allows its residents to connect with nature. No wonder tourism is a booming industry in this city!
Its closeness to the Gold Coast and the Great Barrier Reef makes Brisbane an attractive marketplace for expatriates and locals alike.
Closing in on the Deal
Australia is home to several expensive cities. The cost of living in most of them is considerably high. But thanks to the low-interest rates, government-based incentives, and geographic location, Australia is a sought-after real estate destination.
Finding the right property for yourself is always tricky, especially if you’re not well-versed in the industry. For this reason, it is good to practise enlisting the help of an investment buyer’s agent.
Buyer agents make sure that you get the best bang for your buck. With their excellent research and negotiation skills, they are sure to help you find the most suitable property in Australia for you!
