Some philosopher said a long time ago- ‘Soil is money and the money is soil’.
It’s like he knows about the sudden boom of the Real Estate business. You can buy gold for a cheaper price, but not a soil or land for your home or office. Real Estate businesses make an impact in the whole world. Every day sky-touching high-rise buildings are made any brought and sold by the people. Now they like to invest in Real Estate, because the return is very high, and the risk of money-losing like share market is zero.
So also in Australia, the prices of apartments or Real Estates are going up day by day. Let’s go into the deep.
Sydney:
In Sydney, the price is a little high for buying Real Estates, because it’s the most populated area in Australia. The price will vary from 1,921.12 A$ to 4,635.11 A$ for one square meter land in 2018, whereas the price was- 973 A$ in 2015. So investing in a property in Sydney Australia is very well choice. Because: people from all over the world love to have a home in Sydney.
Melbourne:
In Melbourne, the story was a little different. The price of a property in The North Melbourne is approx $8,445 per square meter. Lets see some more places price- Albert Park, its $12,947, Middle Park- $11,924, South Melbourne- $10,946, Carlton North- $10,809, Port Melbourne- $9,167, Fitzroy- $7,714. The price is rising about 20% in the last 10-12 months.
Brisbane:
In this place, middle-income earners have homes for their own. So the price for this place is a little low. You can buy an Apartment in City Centre for 464.51 A$ to 765.05 A$ per Square Feet. The Mortgage Interest Rate for 20 years is 4.39%. If you invest in the Real Estate business in Brisbane, it will be very profitable for you, because the price hike is like 16% in last 12 months. Best of luck with the investments!
