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Australian property offers great opportunity for both investors and homebuyers alike.  Selected in the right location, property in Australia offers very lucrative resale and rental figures while taking advantage of a healthy tourist industry and a growing economy.

The property market in Australia is wide ranging due to the sheer magnitude of the country.  Homebuyers in Australia who are looking for a buoyant market in which to invest are looking at various areas where the local economy is growing and the job market is strong, bringing with it a healthy supply of tenants for rentals as well as home purchasers.  Due to the high price of property for the average Australian, purchasers looking for buy-to-let investments are finding a healthy market in which to employ this strategy.

The Australian population is estimated to be 21,439,982 (October 2008). Historically the population is predominantly Anglo-Celtic. Approximately 22% of Australians were born overseas with the three main countries of birth being the United Kingdom, New Zealand and China (2006 Census). The first European settlements began in 1788 at a time when Australia was sparsely populated by the aboriginal people. The settlements began with the establishment by the British of a penal colony in New South Wales.

 
Area in sq km
Population (millions)
Queensland 1,730,648 4.22
New South Wales 800,642 6.93
Victoria 227,416 5.25
Tasmania 68,401 0.49
South Australia 983,482 1.59
Western Australia 2,529,875 2.08
Northern Territory 1,349,129 0.22
Australian Capital Territory 2,431 0.34

Source: Australian Bureau of Statistics (December 2007)

Many property purchasers are focusing on areas such as Western Australia and Queensland where beautiful, well priced properties can be still found with a sufficient infrastructure in place and where an idyllic living environment can still be enjoyed.

For more detailed data on investment properties, markets, suburbs and states in Australia, please register to become a member with Serendipity Property Group and you will receive up to the minute vital stats, investor information and much more.

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