National Brokers Network

Real Estate Investment 2014 Forecast

It’s mid year and many real estate experts still see possible investment growth. In this post, we will make a city-by-city property roundup and some forecast for the rest of the season. So we hope to shed light towards “tenured players”  and newbies who want to make their investment worth it.

Outlook for 2013

Many investors saw strong growth in the housing markets last year. In fact, it was one of the best seasons for both  residential and commercial real estate investors. This is one of the reasons why home property values are rising in every city—Sydney increased by 14.5%, Perth by 9.9 %, Melbourne also had a huge impact from last year with 9.5%. According to experts, this huge growth has been stimulated by strong population growth, low interest rates, and increasing consumer confidence. 

In 2013, Australia’s permanent population has increased by over 400,000—which is enough to populate the city of Canberra.

Related: Melbourne: Still the Most Liveable City in the World?

Price increases yet still affordable?

According to the November H.I.A, despite the housing price increase, most properties in different cities are still affordable. If you want to invest in real estate, you need to track the relationship between mortgage costs and home prices, and household income. Experts are also suggesting to “new players” to monitor different factors such as economic growth and inflation, history of low interest rates and home prices, price adjustment for every location—keep in mind that location is one of the biggest factors when it comes to property value.

Related:Real Estate Hunt: Can Location Make a Difference In Prices

Melbourne’s progressive run Median house price: $600,000 – $630,000; 8.5% increase in last 12 months Median unit price: $480,000 – $483,000; 8.7% increase in last 12 months Vacancy Rate: 3.5%

Although Melbourne is one of the most vibrant cities in Australia, some investors still find the growth from last year surprising. Many experts are saying that same thing goes for this year, as the City of Melbourne continues to dominate both residential and commercial property markets. Despite the fact that it is one of the most expensive cities in Australia, the demand for properties does not change at all.


So what’s next?

Despite this huge growth, keep in mind that you can’t just buy any property. You still need to do a lot of research. Real estate is quite tricky. There are many factors that can change the property value. Study the location carefully. Be aware of the risks and make sure to make a solid plan before you make an investment.

Related: How to Make your Real Estate Investments Worth it

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In Consideration of the Vendor of the subject business, or any other business introduced to the Proposed Purchaser and their agent National Brokers Network (“the agent”) providing information to the Prospective Purchaser, the Prospective Purchaser agrees:

1. To keep all information provided confidential in respect to the subject business and any other business introduced to the Prospective Purchaser by the Agent.
2. That no information is to be disclosed by the Prospective Purchaser to any third party without consent by the Agent;
3. That it will not use for themselves. Or for others benefit, such information other than to Purchase the subject business or other business introduced by the Agent;
4. That any agreement to purchase the whole or portion of the business shall be exclusively through the Agent;
5. To immediately return to the Agent all such information and other details in written form including any drawings and any copies made of written information, notes, summaries or extracts of any document therefor if any when requested by the Agent;
6. Under no circumstances will the Prospective Purchaser make direct contact with the vendor of the subject business or other introduced business without the prior written consent of the Agent;
7. If the Prospective Purchaser breaches this agreement or buys the business direct from the Vendor, the Prospective purchaser is liable to and indemnifies the Agent for any and all losses the agent may incur including economic loss and loss of income.v

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