We have already looked at several suburbs that are expected to be great places to live in in 2009. Now we will continue to explore the best place to buy real estate in Australia in 2009.

• Cape Woolamai - just 86 km away from Melbourne CDB on Philips Island, Cape Woolamai is an affordable suburb that offers the most affordability in the area. There are a wide variety of homes available in Cape Woolamai and an eclectic style that makes it truly unique. This lovely suburb is the most affordable place to live on Philips Island and nearby Wonthaggi offers residents shopping, petrol and hotels. The average median home price in Cape Woolamai is $267,500.

• Wonthella - located within the regional centre of WA, Geraldton, Wonthella offers its residents affordability and convenience. This area is much more affordable than its counterparts with an average median home price of $339,500.

• Upper Burnie - this is the part of Burnie that is on the north coast of Tasmania and fronts Bass Strait. Many of the homes in Upper Burnie are unrenovated and have great investment potential. With the average median home price at just $180,750 Upper Burnie is the most affordable area in Burnie.

• Esk - just 65 km north west of Brisbane, Esk offers a quant place to live outside the city with easy commutability. There are many timber homes in Esk which gives it a charming appeal. And since it is so close to Brisbane, Esk is a great place to live if you want to be outside of the city, but still close enough to enjoy all that Brisbane has to offer. The average median price for a home in Esk is $245,00.

In our next installment we will wrap up this series on the best places to buy real estate in Australia in 2009.

Sean Rasmussen
Property Options Australia
Property Options Blog © 2006 - 2009

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With the New Year here, there is a lot of interest in real estate property. 2009 is expected to be a great year for first time home buyers to find there dream home. With the government First Time Home Buyers Grant expiring at the end of the fiscal year many first time home buyers will be scrambling to take advantage of that free money and get into a home this year.

Areas That Are Expected To Do Well In 2009

There are a few Suburbs that are expected to do very well in the coming year.

• Iluka - this beautiful coastal area is south of Brisbane and sits directly at the mouth of the Clarence River just opposite of Yamba. This area has been a popular holiday retreat and vacation spot for many years. It is relatively close to the city of Grafton, which makes this quaint setting perfect for commuting or traveling to a major city for shopping and other necessities. The median house price in Iluka is $380,000 which is very good for coastal living.

• Halifax - located just minutes from beautiful Lucinda and Hinchinbrook Island, Halifax presents the opportunity to live in an oceanfront area for a very reasonable price. Halifax is close to the ocean while also being close to the township Ingham which offers lots of modern amenities. The average median home in this area is just $200,000.

• Nambour - this residential area on the Sunshine Coast is a very affordable suburb. There are many conveniences offered in Nambour including a train station that links the town to Brisbane. This is great for commuters who want to love outside of the city. There are also many great schools and markets, as well as hospitals and retailers. The average median price for a home in Nambour is $359,000.

Sean Rasmussen
Property Options Australia
Property Options Blog © 2006 - 2009

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We understand the struggles that our parents faced raising us and now that we are parents ourselves, we know exactly how hard it can be. The biggest responsibility you have as a parent is having enough money to properly care for your child.

Growing Financial Needs

Most of us do pretty well with the jobs that we have making ends meet paying the bills each month and keeping shoes on the kids’ feet. However, the cost of college tuition continues to grow each year. We all want our children to grow up and be able to care for children of their own some day. The best way to ensure that you child has the means to do so is to make sure they get the best education money can buy. Scholarships help some families reach their educational goals, but they are scarce and the competition is fierce. In addition, scholarships that cover medical school are even harder to come by.

That is why it is up to you to raise the money that your child will need to go as far as possible in their education without being hampered by not being able to pay. Property options are the perfect way to save money for whatever your children need.

Your Right To Profit

With property options, you do not actually purchase the property, only the right to profit from it. Therefore, there is no hassle with bothersome tenants and no worry about backbreaking maintenance and hard work. All you do is collect money. You can collect money even faster if you so choose by increasing the value of the property, which in turn will increase your profit.

Mark Rolton of Massland will show you all the tricks of the trade. You will learn how you can purchase a property option at the time of each child’s birth and by the time they graduate from high school, you will have built up enough money through property options to send them to any college or medical school of their choice.

Sean Rasmussen
Property Options Australia
Property Options Blog © 2006 - 2009

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With the New Year here many people are looking at making 2009 the year they buy a new home. And with government incentives to help first time home buyers now is a great time to get that home that you have always wanted. Some areas are more desirable than others to buy a home in. Some of the places that are considered to be hot spots for 2009 include Sydney, Melbourne and Brisbane. There are also some regional areas that promise to provide great buyer appeal in the coming year.

Gauging The Temperature Of Real Estate In Australia

The real estate market in Australia proved that it can stand the test of time in 2008 showing resiliency and fortitude. Despite the fact that many share markets fell an average of 40%, house prices held fairly steady showing only an average decline of 1.5%. In 2009 there will be many factors that will drive the market either up or down. These factors include:

• Falling interest rates

• Affordability

• The cost to rent houses or apartments

• Investment yield potential

• And an undersupply of available homes

These factors will help to drive the prices of homes up. The areas where the most growth will be seen are in the areas that exhibit many of these factors. Also the government grant opportunity to double the money given out expires at the end of the fiscal year, so home buyers will be looking to take advantage of that while they still can.

While markets that have these driving factors are expected to do well in 2009, some markets are not expected to do well at all. Markets that are already affluent and where the demand has been reduced are not expected to experience good growth in 2009. Another area that is not expected to do well are vacation homes, and areas that are dependent upon holiday travel and tourism. This is due to the fact that in 2008 many people had to unload these extra homes due to financial difficulties.

Sean Rasmussen
Property Options Australia
Property Options Blog © 2006 - 2009

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In this series we have looked at how having a budget will make purchasing a new home a lot easier. By budgeting your expenses and income you will get a better idea of how much money you have coming in and going out. You will also be able to determine areas where you are spending too much money and where you can cut back to save even more money for your new home.

Who Needs A Budget?

Having a budget will also help you to determine just how much money you can afford to pay for your mortgage. When you get a home loan it is essential that you do not borrow more than what you can afford to pay back. A budget will help you to determine how much money you can reasonably afford to pay for a mortgage in relation to all of your other bills and expenses. You also need to be sure that you have enough money left over after paying your bills. When you look at how much money your mortgage repayments will be, make sure that you factor in the interest rate, and expect it to go up rather than down. It is better to expect to have to pay more and then end up paying less. That way you will always have enough to cover the costs.

Pay More When You Can

It is always good to pay off your debts as fast as you can. If you find that you have extra disposable income left after paying for all of our other expenses, make extra payments on your mortgage. This will lower the interest cost and save you money in the long run.

Pay On Time

Always be sure to pay your bills on time. Not only will this keep your credit score good, but it will save you money too. Many companies charge late fees when you do not pay bills on time and some will even assess a higher interest rate to those who make late payments. Having a good credit score will also help you to secure lower interest rate loans which will also save you money.

Sean Rasmussen
Property Options Australia
Property Options Blog © 2006 - 2009

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