Australia is no exception to the global credit crisis that is affecting investors all around the world. It has been estimated that there will be close to thirty thousand homes repossessed by the end of the year, and more than half of the people living in Australia will be seriously stressed with their mortgages.
In addition, the rate of unemployment in Australia is also having an effect on the property market. It is forecast that the rate of unemployment will rise to more than seven and a half percent by the end of this year. Although this crisis may be crushing the property dreams for many, it is a queue for investors to “buy, buy, buy” and get 
in on the Australian property market. There is no better time than the present, if you are interested in making a fortune with real estate in Australia.
Just The Beginning
More than seven thousand new homes are expected to be built in Sydney within the year, which is the lowest growth rate the area has seen in fifty. This is leading a prediction from economists for a rise in rental rates of at least twelve percent within the current year, which comes after an increase of eight percent just last year.
Investors are fully aware of the profit that can be made from these circumstances. They are finding out fast that there is profit to be made from the very beginning when you put your money in the property market in Australia. The only concern of many investors is the battle they face with first time buyers on the market, who are eligible for funding from the government to purchase their property. With interest rates steadily decreasing and rental rates skyrocketing, more and more people are deciding that right now is the right time to invest in Australia.
Property Options Australia
Property Options Blog © 2006 – 2009
Hi Sean,
I see that you wrote this post in April 2009. It was a great time to invest with interest rates slowly decreasing. With the economy slowing it was a great time to pick up a bargain in the property market.
I think you can always get a bargain. Sometimes they’re just harder to find than others.
The first home buyers grant was a great incetive by the goverment to keep the property market stimulated. With interest rates down it is always a good time to invest.