With a total area of 7.69 million square kilometres, Australia is the world’s largest island. The continent makes up 3700 kilometres from north to south and 4000 kilometres from east to west.
Australia is the world’s sixth largest nation by area. Despite its large land area Australia is one of the most urbanized countries in the world with most of the population living in cities. In a survey of the world’s most liveable city, Australia has a total of 4 cities that sit in the top 10. Melbourne is ranked the world’s most liveable city since 2014. Sydney, Adelaide and Perth are also among the top list of the world’s most livable cities. Australia’s current population is 23.5 million with a current annual population growth rate of 1.8%.
With a strong economy and low interest rates and strong demand from international investors Australia’s property market has been performing well in recent years.
Sydney’s market conditions are ideal for homeowners or investors, looking to sell and unlock the value of their property.
For young buyers, the Regional NSW coastline presents a good opportunity to enter the property market. The mix of strong price growth and more affordable price tags, makes it a prime choice for those who have been priced out of the capital.
Australia’s ‘European city’, Melbourne, is a hot market for buyers and investors alike. The city recorded the strongest annual price growth of all capital cities, and has consistently been on the rise for more than four years.
Not only does Melbourne boast a lifestyle of cafe culture and leafy streets, its rapid price growth and affordable price point make it an attractive alternative to Sydney, especially for first home buyers.
Brisbane is bursting with opportunity for those looking to enter the property game, with a choice of brand new residential developments and more traditional styles.
Whether local or out of state, Brisbane’s affordability provides a competitive advantage for first home buyers.