News has just been released that the Australian economy and property market continues to recover. The Australian newspaper reported that auction clearance rates were significantly up on last years figures throughout the country. This signals and reinforces the expectation that the Australian economy will recover by next year, with the property market (though already strong and stable) set to recover exponentially, making investors flock to Australia, now is the time to buy.
Clearance’s were up by as much as 39 percent in Adelaide in the south of the country and around 20 percent uniformly in other areas, such as Sydney and Melbourne. This reinforces recent speculation that South Australia is the choice place to invest in.
It is the thought that these improvements are due to increased help by the Australian government for first time buyers amongst other factors. Christopher Todd an Investment Research Analyst at DSR Asset Management Ltd. commented that:
“It is not surprising to see the Australian property market continue in this way. Over the past few weeks there have been numerous positive reports in the investment world that Australia is the place to be. The government has implemented some key policies such as the first time home owner grant and unrestricting the work permits for some visa holders, which will no doubt only encourage growth.�
DSR Asset Management Ltd has some fantastic, safe and straightforward oportunities for those looking to take advantage of the investment potential of South Australia, or for those simply looking to own their dream holiday home. The current climate will not last forever, if you are considering buying property in Australia, the time really is now.
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