Australia is the to-go place for people who wish to live in a stable nation, offering great education, and with a preferable climate. Foreign investors, many from China, have flooded the market and real estate prices have reached record breaking levels.
The country has never experienced a major decline and didn’t suffer much during the subprime crash 2008, when prices continued upwards. There are several interesting reasons behind this, of course.
In this article, I explain how Australia’s property market has performed the past years, about the markets in Sydney and Melbourne, and what my predictions are for 2019.
Topics covered in this article:
- Australia’s property market in 2017 & 2018: A throwback
- Why have real estate prices increased so much in Australia?
- How will Australia’s property market perform in 2019?
- Is Australia’s property market heading for a crash?
Australia’s property market in 2017 & 2018: A throwback
The property market in Australia was booming in 2017 with house prices breaking all-time high records. The millenials were even told to give up eating avocado toasts, if they ever wanted to afford a house.
According to Huffington Post Australia, the house price growth in the recent years are related to: