Property Investment in Australia
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The overall market - June 2009
We are in the middle of quite extraordinary times with the global financial crisis, with a number of factors combining to shape the Australian property market:
- Global financial market
- Corresponding slump in the mining sector
- Plunging interest rates now at very low levels
- Increasingly tight lending criteria and reduced competition in the banking sector
- Increasing levels of first home buyer’s benefits
This has led to a number of trends in the overall market
- Heavy mining states suffering – QLD, SA, WA
- Solid market in the less than $600,000 range
- Premium market in trouble
- Lots of opportunities and deals
Keys To Success Club > Property > Property Investment > Australia