Design your investment home Property market ideas

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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Why Population patterns ideas, for home renovating.

The papers, today 29/03/2010 are noting the population pressures on the home  market. Given population growth of 435,000 about double that of only two years ago: there is pressure on the rental and home markets. Quite simply there aren t enough being built, current home commencements are around 140,000. When at least 180,000 are needed. Clearly, the prices of second hand homes are rocketing. The Queensland Premier is bleating on about being poorly informed. Anna Bligh seems to think Federal government should be releasing more information. WA and Qld are the fastest growing states and have been for many years. Auction clearance rates are up both in volume and percent terms. Many properties making over the expected valuation in Melbourne.
Where is the immigration pressure coming from? Latest figures reveal they are from India, China, Indonesia, Malaysia, and New Zealand. I claim only six major countries have a big immigration policy: USA, Canada, Germany, UK, Australia and New Zealand. Currently, Canada is cold, NZ  is a slower growing, small economy, UK has restrictions on Indians and Pakistanis, USA is a slow economy, Germany has their own prejudices. Given, Australia  is one of the faster growing developed countries Australia has particular appeal, noting the above comments.
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