Friday, 18 November 2016

Property Demand Hits Record Level in Australia

"Demand for property in Australia is now at fever pitch, with rates continuing to reach record levels, further supporting house price growth". " While some experts were uncertain over whether a Trump win would see a rise in interest in Australian real estate internationally, Ms. Conisbee said Australia was considered a "safe haven".

The Index showed a 27.5 percent surge in Australian property demand over the year, with Queensland registering a 27.4 per cent rise. In the past month, alone demand for Queensland properties rose 7.3 percent overall, with both houses and units rising equally. LJ Hooker head of research Mathew Tiller said a Trump victory was positive for Australia as it made "investment here more attractive for large foreign developers and institutions as well as high net worth private buyers looking to purchase the residential property".

Property values in the US are likely to fall in the same way they did following Brexit. In uncertain markets, people don't like to buy. People in the US are likely to look to safe haven markets – Australia will be a beneficiary of this as it is considered to be one of the safest markets in the world,"
Therefore, it's a good time for smart investment as reckless and ignored investment can trap you but the your conscious mind can help you to invest smartly. Although, it is still not clear, what would be Trumph's tactics for his and other countries but one thing is very definite that his theories will infect the whole system of real estate.

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