Knowing When To Buy Is The Easy Part!
Because once you have an understanding of how the Australian property markets operate, and take a long term approach to building your portfolio, then the best time to invest is simply now.
The harder part is identifying which areas are poised for growth. But once you have done the necessary research...and identified the areas with greatest potential...then the sooner you get started, the sooner you can start compounding your returns, and the closer you will be to achieving financial independence.
Each Australian state can be considered a separate property market, and each of these is in turn comprised of numerous micro-markets. Because these markets are always at different stages of the property cycle...then at any given time one or two states will be experiencing greater growth than the other states...and certain areas within those states will be performing better than other areas in those states.
In other words...
Opportunities For Property Investment Are Constantly Available If You Know Where To Invest
Australian Bureau of Statistics data shows that historically, property prices have doubled in value every 7 to 12 years. According to the Property Council of Australia, the Australian property market generated a 16.9 per cent total return in the 2007 financial year. Keep in mind that these figures are only averages and by no means the top performing properties in Australia. Several parts of Australia grew by a factor many times as great.
In addition, record levels of immigration, longer life expectancy and more single-person households than ever...have all combined with the effect that this country is currently facing a housing shortage.
While no-one can predict the future, history - as well as the laws of supply and demand - suggests that property values will continue to rise in general over the long term, and of those, carefully selected markets will outperform all others over the short and long terms.