No matter what else is going on in the world, the Australian Property Market seems to stand out on it?s own. While just about every country in the world has seen a significant drop in property prices over the past 3 years as a result of the Global Financial Crisis, Australia has experienced but a minor hick-up?and is back on track to major growth.
During the first few months of 2010, most Australian capital cities have experienced amazing value increases. In fact over the past 100 years, on average Australian Property Prices have doubled every 10 years. Just imagine where we will be in 2020.
If you believe the media, median house prices in Australia will be well over $1million in every capital city before the end of this new decade.The good news is that the fundamentals suggest the next 10 years are going to be just as good, if not better for property, as the last 10 years were. We are moving into a new economic cycle with record population growth fueled by rising immigration and a baby boom, as well as a chronic housing shortage.
Where else can the Australian Property Prices go, but up.






