Australia is one of the most booming nations in the world. It is renowned for its beautiful beaches, cultural diversity, the Great Barrier Reef, comfortable temperatures and high-end infrastructure facilities. Did you know it is one of the least densely populated countries in the world?
So, if you are planning to buy a house in the Australian residential property market, this is the right moment. Metropolitan cities and developed regions across the country have hit affordable rates and now witnessing positive growth in terms of economy, tourism and technological enhancement. You can do a proper real estate market research, and hire a property valuation expert or a real estate agent to own the most suitable house within your estimated budget.
Whether you are looking for a studio apartment, skyscraper or a spacious house with a lawn, consider these five hotspots and make a well-informed buying decision.
Let’s Get Started!
1. Melbourne: The Capital of Victoria
Melbourne is one of the most livable cities in Australia. It is best known for offering a thriving culture, top-notch infrastructure, great housing options and booming job market. You can buy your dream house in the inner city to enjoy top-class local facilities. The best part is that you can also explore some of the best family-friendly suburbs, like St. Kilda, Richmond and Brunswick. These provide a perfect blend of urban facilities and suburban lifestyle and charm.
According to market experts, the median house price in Melbourne is $918,350. So, it is good to hire real estate agents that can help you find the most affordable property in the best location.
2. Brisbane: The Capital of Queensland
Renowned for golden stretched beaches, laidback ambience and electrifying nightlife scene, Brisbane has ranked as one of the most promising cities for buying or investing a property. The best part is that house prices are affordable as compared to Melbourne and Sydney.
You can consider the suburbs like New Farm, Ascot, Paddington, etc that offers a desirable lifestyle close to the CBD and coastline. The average house price in Brisbane is around $900,000.
3. Adelaide: The Capital of South Australia
Adelaide is popular among first-time house buyers because of affordable housing options, relaxed and laidback lifestyle and the best cultural scene.
You can explore the best suburbs like Glenelg, Norwood, Unley, etc that are opulent and offer high-end amenities, such as nearby schools, tree-lined streets, world-class healthcare facilities and various entertainment hubs. You can hire a company which specialise in property valuation in Australia to help you choose the most desirable property within your estimated budget.
4. Canberra: The Capital of Australia (ACT)
The capital city of Australia is renowned for offering a spectacular blend of spacious houses, natural beauty, government job opportunities and thriving economy. You can buy your dream house in the best suburbs, including Kingston, Yarralumla, Griffith, etc. Canberra’s booming rental market also attracts investors and property owners.
5. Hobart: The Capital of Tasmania
This is a surprising hotspot for home buyers and investors. The city boasts affordable housing options, cultural heritage, beautiful landscapes, best schools, hospitality services and much more. You can look for suburbs, such as Sandy Bay, Battery Point, and West Hobart which is best known for infrastructure projects and high-end local amenities.
Wrapping Up
These are five most promising places where you can buy your dream home in Australia. It is good to hire a professional property valuation experts in Australia to know the current market value of different types of dwellings in these hotspots.