Australia is one of those parts of the world where everyone wishes they could live. Even Aussies that venture out to live and work in Europe, for instance, long for the sunshine and relaxed lifestyle of home!
The island nation is a popular vacation destination. But did you know that Australia is a good place to buy an investment property? In today’s blog post, you will learn why it makes perfect sense to invest your money in Australian property.
Just how popular is Australia?
Many people live in parts of the world where the weather is often grey and miserable. You only have to look at the weather statistics for the “mother country” (the UK) to see what I mean!
Visiting Australia for a short or long-term break from depressing weather is an ideal choice for millions of folks. According to the Tourism Australia website, July 2013 to July 2014 saw a total of 6.7 million people visiting the country.
They say that is an increase of 8.3% from the previous 12 months. July 2014 alone saw visitor numbers reach 586,900.
But what about the people that move “down under” from their home countries? The top five nations whose citizens move to Australia on a permanent basis are:
- New Zealand;
- United Kingdom;
It’s no secret that people go to Australia in search of opportunities. Other reasons include a better quality of life and the friendly, relaxed attitude towards life.
The way of life in Western Europe and the United States is more fast-paced and hectic. People living in those areas tend to work long hours and seldom spend time with their family and friends.
In Australia, it is possible to earn a good living and maintain healthy relationships with other people. Adjusting to the Australian way of life is a simple process, and one that many wishes they had done a long time ago!
No shortage of rental tenants
A lot of visitors to Australia prefer to stay in a self-catering home rather than a hotel. And migrants to the country might not have enough cash to buy any properties for sale in Australia.
Buying an investment property there is a great way to solve those problems for people whilst making a profit at the same time! There are plenty of coastal, inner-city and suburban areas where you buy investment property.
Some people say that buying investment property is a bad idea because your income source isn’t guaranteed. But if you buy in a good location, you won’t have any issues renting your property.
Best places to buy in Australia
Like all parts of the world, there are good and bad parts of Australia. The most-popular locations in Australia are as follows:
- New South Wales.Aylmerton, Harris Park and Hamilton East;
- Victoria. Silvan, Eldorado and Alfredton;
- Queensland. Tinaroo, Surfers Paradise and Kingston;
- Northern Territory. Coconut Grove, The Gardens and Dundee Beach;
- South Australia. Wirrabara, Penfield and Brownlow;
- Western Australia. Geraldton, North Dandalup and Peppermint Grove;
- Australian Capital Territory. Turner, Yarralumla and Weston;
- Tasmania. West Moonah, Tunnack and Kayena.
Good luck in your search for the perfect Aussie investment property!