Still time to grab a bargain for property in Australia

For property owner occupiers or investors looking to enter the market, there are still affordable options available nation-wide especially in Brisbane and Perth. Queensland and Western Australia’s increased exposure to the downturns in both the resource and tourism sectors has meant that price recovery for both houses and units has trailed other states.

However, it’s important to move now, as prices are likely to recover in early 2010.

Matthew Bell, Economist for Australian Property Monitors says “there are also opportunities in regions of Sydney and Melbourne where prices still remain under late 2007 levels even after the strong growth of the last six months.”

Nationally, the suburbs offering the best growth opportunities for 2010 are Mona Vale and Wolloomooloo in NSW, Mentone and Toorak in Victoria, Hawthorne, Lota and Kangaroo Point in Queensland, Halls Head, Nollamara and Mandurah in WA.

If you are interested in buying a property in Australia, speak to a property and finance consultant from Intellichoice today. We have a wide range of real estate developments in Sydney, Melbourne, Brisbane, Sunshine Coast, Gold Coast and Perth.