Design your investment home Property market ideas
April 2, 2010 by Tim
Filed under Practical Renovation, property market, Renovating
Reading the popular press one will notice all sorts of “reasons” why house prices are rising,
1 Immigration is above many expectations adding to the total population growth of 435,000 last year. While the resources states of QLD and WA are the fastest growing, somewhat suprizingly, Victoria is also growing fast.
2 Melbourne, in Victoria had the fastest price rise with house values up 19% over 2009.
3 Some experts are now quoting returning expatriate workers are boosting the market. Readers will be familiar with this theme. Where, I claim some 900,000 Australians are working overseas. Given Australia is one of the fastest growing developed countries a fair portion must be expected to return, as Australian income tax has fallen and the A Dollar is up.
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4 Recently, some of the government plans to double public transport for instance is generating confidence in Victoria.
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