These past months, Australian Market soften because of unstable house prices and tightening in rental market. Despite of, Australian residential property coped up and consumer confidence slightly comes back on the market. House prices increased by 1.6% in all Australian’s state capital cities. Are mentioned-above considered as signs of having stable housing market?
According to Research Director at RP Data Tim Lawless, “One of the reasons why Australian Property has climbed in value is that it has become more affordable.” Many migrants in Australia and investors build houses or buildings so there will be an increase of supply and it put the house price become affordable. I think investors will never stop to invest and expand their investment in the market because they already seen that there is a big growth and development in Australian Market.