Why Property
History, over the last 100 years, tells us that property in Australia doubles about every seven to ten years. Key economic factors such as Australia’s political and economic stability have made Australia a very profitable place to invest.
With this continuing resource boom driving employment and migration Australia has an expected population growth of 3% over the next twenty five years – certainly raising the demand for housing.
Net overseas migration alone has added more than 650,000 people to the population in the past five years – projections for a further 350,000 in the next two years – adding more than one million migrants to a total population of 21 million.
As we see the prices of the property market driven up by this demand, it makes it very unaffordable for a lot of people to enter the market, however, on a positive note – this can only mean that any purchase as a buy to rent has great potential, as people are forced into the rental market.