Property Prices and Commentary
Being resident outside of Australia makes a difficult process - the selection and purchase of a house or apartment - even more demanding than usual. Expatriates are clearly hampered by being "outside the market" in terms of assessing market trends and investigating properties exhaustively, and there is the impact of fluctuating exchange rates to consider. In practice, given the importance of the purchase, you should probably at least consider using a buyer's agent to assist in terms of shortlisting, if not negotiating the complete purchase, of any real estate.
Local media reports and various indices will provide you with a general feel for how the market is currently moving within a capital city or region, if not within precise localities or suburbs. The links below provide access to a range of property reports.
Go to the following pages if you want an indication of current Australian mortgage interest rates or to initiate a Mortgage Inquiry.
Current Residential Property Analysis
We have worked with Performance Property for a number of years and the firm takes a research/data driven approach to identifying and purchasing property in Australia. The reports below provide an up to date analysis of the residential property markets in Sydney, Melbourne, Adelaide and Brisbane, which overseas buyers should find useful.
Australian Bureau of Statistics
The chart below summarises the annual movement in established house prices in Australian major cities in the four quarters up to March 2015. More detailed ABS data showing the quarterly percentage change in prices in each of the major Australian capital cities from October 2001 to June 2016 are separately provided.