Homes for new Australian

Population growth and Australian property

With the Australian population growing at one of the highest rates in the developed world the demand for housing has been and remains strong.

Where are all these new Australian people going?

The majority of people coming to Australia are moving to the State capital cities but primarily Melbourne followed by Sydney. Within the capital cities people and not just new people but generally people want to live in the inner city area or middle ring area. This is because in Australia the State capitals (especially Melbourne and Sydney) are the places where the jobs are and within these cities the inner city is where the high paying jobs are and thus living around these areas is convenient and prefered by high income earners. People looking to to invest in Australian real estate either to live in or rent out (as the capital gain is where the money is made from Australian property), they may want to purchase in the inner and middle ring. There are still bargains to be found in some suburbs like Maidstone in the west inner city and Notting Hill in the east middle ring. These areas are also favored by new Australians.

Resources

www.propertyinfo.info

www.realestate.com.au