Tag Archives: Australia

Australia Property Market Outlook in 2019: A Complete Overview

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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, what my predictions are for 2019, and more.

Topics covered in this article:

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:

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Buying Off-Plan Property in Perth: By Amanda Gauci (interview)

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Perth is the capital and the biggest city of the Australian state of Western Australia. Being the 4th most populous city, Perth offers a great quality of life with white beaches and property prices that are not as propped up compared to Melbourne and Sydney.

Interestingly, the distance to Jakarta is shorter than if you would travel from Perth to Sydney or Melbourne, giving you more proximity to the rest of Asia.

Off-plan property is a preferred choice when foreigners invest in Perth and Australia, a reason why I decided to invite Amanda Gauci, the founder and managing director of Pulse Property Solutions, a boutique property development company located in Perth.

Today she will explain about:

  • Perth’s property market
  • The process when buying off-plan property
  • Benefits of buying in Perth
  • Interesting projects built by Pulse Property Solutions, including illustrations

Welcome Amanda, first, can you please tell us a little bit more about yourself, your history and how Pulse Property Solutions helps foreign buyers to buy off-plan in Perth?

I founded Pulse Property Solutions ten years ago with my family with the aim to create unique boutique developments that people love living in. I come from a business and marketing background which provides a unique approach to development and design.

I’m passionate about the development industry and am part of the HIA Environment, Planning & Development Committee and a board member of Entrepreneurs Organisation Perth.

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Top 13 Property Developers in Australia: The Definitive Guide

Suggestion: Watch the 5 minutes video tutorial before reading this article

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The Australian government highly favors foreigners that buy off-plan property, in fact, you can only buy established property if you’re a temporary resident. You have no such restrictions for off-plan.

However, before you buy property that’s under construction, or planned for the future, it’s important that you assure you work with a reputable and credible developer.

In this article, I’ve listed the biggest property developers that operate in Australia. You’ll see that they all have a proven track record.

1. Metricon Homes

Metricon has been ranked as the largest residential developer in Australia by the Housing Industry Association (HIA) since 2011. In 2017, it retained its top position with 4365 housing starts, more than any other developer.

Metricon Homes was established in 1976. The head office of the company is situated in Melbourne, Australia.

Property types

Metricon mostly build single and double story homes for their clients.

In addition, they also offer services like knocking down old properties for rebuilding purposes, build display homes for investors and customize apartments according to your living
style.

They also sell home and land packages, where you simply can buy a block of land with a specific home design, later, they build a house based on the design you select.

Current projects

Metricon homes build individual homes instead of projects. You can explore different designs on their website like Amalfi, Allure, Dromana and more than 80 other designs.

Future projects

You can find multiple packages on their website that include single and double story homes in different locations, as well as home and land packages.

Prices & areas

Based on the prices quoted on their website, you can find a home and land package in all major cities of Australia. Prices range from around $200,000 – 1,800,000, depending on location,
land size and the design you choose.

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How Asian Investors can Buy Property in Australia: A Complete Guide

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If you come from East or Southeast Asia, you’ve probably noticed that many of your fellow countrymen have found Australia as their prime spot for property investments.

The reasons why they decide to invest might differ, depending on where you come from.

Maybe you’re from Hong Kong and have followed the inflated property market for years, you know about the unreasonable down payments required and a market that has reached all-time-high several times.

Or, maybe you’re from Mainland China, where the middle and upper class has grown remarkably, where people move from third and second tier cities to places like Beijing, Shanghai and Shenzhen and drive up the property prices.

Whatever your goal is, maybe you’re looking for a place to send your children for good education in the future, a place to store some of your savings or simply to have a yearly retreat.

Asian investors have proved that Australia is a place where you should consider to make your next property investment.

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