News Hong Kong Property & Finance

Aussie Property Market..good time to buy?

ORIGINAL POST
Posted by carmine 16 yrs ago
What do you think of the outlook of the Aussie property market? Can someone with no ties to Australia buy properties there? thanks!

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COMMENTS
carmine 16 yrs ago
Thanks Grass, any city you can recommend?

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HKForGood 16 yrs ago
I have several properties in Aus so I will try to give an unbiased answers:


1. Wait to see if interest rates drop in Nov/Dec

2. I have noticed that there are more AUS properties on the market in the past 1-2 months

3. The $AUD collapse makes AUS property much cheaper than say HK or SG if you are earning USD or currency pegged to the US.

Eg: 3 bd/1400 sq ft apt in Sydney inner city for approx 700K-800K AUD (approx 3.3/4.0 million HKD).

4. Rental vacancies are tight in most major cities (1-2%)


Hope this helps.

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