Until now, the highly sought after coastal real estate in Australia has been a bit too pricey to attract several property investors; however, that has all changed. These days, the price on coastal property is quite inviting to many real estate investors.
The Real Estate Institute of Australia, or REIA as it is often called, claim that the property along the eastern seaboard of the country is currently a great place to invest. According to the president of REIA, David Airey, the property along the sea has always been something that people desired, and now according to the data, investors are now trickling back into the market. He also said that even though investment levels are not quite where they were two years ago, but the market is definitely seeing significant movement.
Lower Prices Attracting Investors
Airey verified that vendors’ price expectations have dropped significantly, with more and more sellers willing 
to sell their properties at a greatly reduced price. There are property websites on the Internet where you can find over two hundred listings for properties just in The Entrance, which is an extremely prominent area north of the beautiful Sydney. You will also find a couple hundred properties for sale on the Sunshine Coast of Queensland, in magnificent Caloundra. Many of these properties are listed as “owner says make offer”.
More Buyer Confidence
Over the past few months, there has been a significant increase in buyer confidence. Both investors and sellers have a solid understanding of the financial crisis affecting the world, as well as the volatility that is still present on the share market. However, more and more investors are getting their bankbooks out and investing wisely in the property market.
One agent in the area of Victoria’s Mornington Peninsula, who claims to have been selling in that area for almost a decade, said that the prices in the region had fallen by about twenty percent in the past year. Lower interest rates are also contributing to the increase in buyer confidence, leaving several in the property market anticipating great success.
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Hi Sean,
I think buying an investment property along the coast of Australia is a fantastic idea. People are drawn to living by the beach and if you can afford to buy a property there; you’ll be onto a winner.
You’ll never struggle to rent out your property and it’ll always be in demand when you want to sell. A win, win situation.
Some beautiful places in Australia mentioned here, you can see why they were sort after. What has caused the drop in price…is it just that there are to many on the market, a simple supply and demand situation.