Why should you consider buying an investment property in Tasmania?

Tasmanian cities are an interesting market to invest in from the perspective of property investors if we consider the many advantages it offers. Check out some of the major reasons why rental properties in Tasmania can be a profitable idea: 

• Reasonable housing price

One of the top reasons for investing in Tasmania is that its real estate market offers reasonable prices! While the housing market in the state still suffers a shortage of stock, this situation has continued to improve and become more and more stable in recent years.

The housing market values in Tasmania have skyrocketed over the past few years, but they still remain affordable with a variety of options at reasonable prices. For instance, the average property price in Hobart is A$705K, A$700K in Launceston, and A$469k in Devonport as confirmed by realestate.com.au.

• Thriving economy

Tasmania’s economy has performed exceptionally well in recent years. The state has a GSP of $36.7B a growth rate of 3.5% as of 2022. Thanks to this, Tasmania is considered one of the top-performing economies in Australia according to CommSec.

Among the key industries of Tasmania are mining, agriculture, forestry, fishing, and tourism. Furthermore, the state is a hub for Antarctic logistics, science, and research.

• Abundance of nature & recreational options

It’s a given fact that Tasmania is a small piece of natural paradise – thanks to its marvelous landscapes, picturesque coastal towns and cities with special charm. These, together with the friendly and welcoming community, make the island draw a great flow of overnight visitors yearly. Considering this, Tasmania can be deemed as an attractive market to investors who are looking to cater to tourist accommodations.

Tasmania opens the doors to a plethora of recreational activities with the most beautiful beaches, impressive mountains, rivers & forests, fascinating wildlife, as well as breathtaking starry nights. 

Regarding the cultural scene, Tasmania also offers plenty of options in its cities such as Hobart! There’s no lack of museums, art galleries, theatres, and great dining options!

Reasons to invest in rental properties in Canberra region

Investing in rental properties in Canberra can allow you to earn a good passive income because it offers attractive investment opportunities that ensure your return on investment! But what are the main reasons why investors should consider investing in Canberra? 

Check out some reasons why investing in an investment property in Canberra is a profitable idea:

• Great living conditions

Canberra is one of the most liveable cities in the country with a high household income, top-quality amenities, great infrastructure, and a strong job market. The city is also deemed as of the safest cities in the world!

Canberra is home to prestigious universities like the Australian National University and the University of Canberra. There are also renowned research institutions such as the Australian Academy of Science, the Australian Institute of Sport, and the Commonwealth Scientific and Industrial Research Organisation.

• Strong financial situation 

Canberra is among the fastest-growing cities in Australia with a solid and flourishing economy. The city is a leading center of business innovation, research, academics, government, and more! There’s a bright future for Canberra’s economic growth. nd thanks to this, more people are considering relocating to the city, which puts its real estate market in a positive light.

Australia’s capital city also has a strong labor market with a low unemployment rate of 3.5% as of March 2023. This is lower than the national average. The leading economic sectors in Canberra are renewable energy, finance, ICT, aerospace, digital commerce, and public administration & safety.

• Wide variety of leisure activities

Canberra is home to outstanding open-air areas, impressive architecture, rich culture & history, as well as intriguing wildlife and breathtaking nature. So we can all agree that it has something for everyone by offering the best of both worlds!

The Australian capital has a wide array of leisure opportunities that locals and visitors alike can choose from. In Canberra, you can discover the country’s history while exploring museums and national landmarks, visiting impressive art galleries and exhibitions, or even attending live events and festivals! You can also discover Canberra’s great dining scene. Enjoy exquisite wine in one of its wineries. Or if you prefer a cold beer, there are some top-tier breweries!

On the other hand, you can also reconnect with nature by visiting one of ACT’s parks and natural reserves like the Tidbinbilla Nature Reserve, Namadgi National Park, and Molonglo River Reserve among others. Bonus: You can also meet Aussie animals!

Why invest in rental properties in Darwin, Australia?

Owning rental properties in Darwin can be a great way to generate a nice income stream because it offers attractive investment opportunities to real estate investors. Living or investing in this city means that you will have access to striking natural landmarks and cultural experiences. 

But what are the advantages that Darwin’s rental market offers to investors? Check out some of the reasons why owning an investment property in Darwin is a good idea:

• Reasonable real estate market price

One of the top reasons for investing in Darwin is that its real estate market is quite affordable compared to other Australian capital cities. The average property price in Darwin is A$582,415 based on the CoreLogic House Value Index. Additionally, rent prices are 3.67% lower than the national average.  

• Thriving economy 

In Northern Territory, Darwin enjoys a strong position being the financial and business capital of the state with a highly skilled workforce. 

The labor market is thriving in Darwing, being regarded as one of the easiest cities to find a job in Australia. Among the sectors that contribute the most to Darwin’s economy are mining, tourism, trade, and offshore oil & gas production.

• Great quality of life

Living in Darwin means that you get to experience a laid-back lifestyle with easy access to good-quality amenities, recreational facilities, a reliable healthcare system, and great educational & career opportunities. 

Darwin is quite a dynamic and eclectic city where you can enjoy natural and cultural experiences alike. It has a multicultural and accepting environment, so it’s easy to feel embraced by the community in this city.

• Wide array of leisure options

With plenty of cultural experiences, rich history, and natural attractions, Darwin surely catches the attention of national and international travelers. It’s a given fact that you’ll always have something to do around the city because “Darwin” and “boring” don’t fit in the same sentence.

If you’re an outdoor lover, then you will see Darwin as a small piece of natural paradise since it serves as a getaway to iconic recreational sites such as the Kakadu National Park and Litchfield National Park. On the other side, this bustling city also offers a great cultural & art scene! There’s no lack of museums, music festivals, art exhibitions, craft markets, sports competitions, and amazing restaurants. 

• Top market for Airbnb investment properties in Australia

Darwin certainly is a catch for property investors since it has many positive sides such as its affordable real estate market, growing economy, and good living conditions. What’s more, Darwin also stands out as one of the best places for Airbnb investment properties in Australia with many opportunities that offer financial stability to investors. 

So if you wish to generate a nice passive income, then you should think about stepping into the Airbnb world because it can provide a rewarding experience.

Reasons to invest in real estate in the suburbs of Melbourne, VIC

Owning rental properties in Melbourne can allow you to generate a good income stream because it offers attractive investment opportunities to investors. But what are the main reasons why investors should consider investing in Melbourne? 

Check out some of the reasons why doing real estate investment in Melbourne is a profitable idea:

• Great living conditions

Considered one of the most liveable cities globally, Melbourne offers the best living conditions for residents. The city has world-class infrastructure, top-tier universities, and a reliable healthcare system.

Living in Melbourne means that you will be living in a safe, clean, and multicultural environment while enjoying top-quality amenities. No wonder Melbourne is the most populous city in Australia and its population is projected to continue growing in the coming years. 

• Stable and diverse economy 

Melbourne boasts a strong and stable economy that accounts for around 25% of Australia’s GDP. Its diverse labor market allows people to find great employment opportunities in different sectors such as tourism, healthcare, science, technology, trade, and entertainment among others.

Victoria’s capital city is the leading financial center of Asia-Pacific region and it ranks 28th in the Global Financial Centres Index 33. Moreover, Melbourne holds the 42nd spot on the Global Start-ups Ecosystem Index.

• Lots of things to do!

Melbourne is a multicultural city where over 260 different languages are spoken. The city offers an extraordinary cultural, dining, and arts scene with no shortage of leisure activities, shopping and events.

If you’re looking for outdoor activities, cultural experiences, or even want some retail therapy, then you will love Melbourne. There’s no lack of museums, parks, chick boutiques, and great restaurants. On top of that, we must add that the city offers a lively nightlife and hosts renowned festivals and events throughout the year.

• Top market for Airbnb investment properties in Australia

Are you still uncertain about investing in Melbourne? Then let us add another positive factor: it’s one of the best places for Airbnb investment properties in Australia! Melbourne offers many profitable opportunities for real estate investors. For this reason, if you aim to achieve financial freedom by owning a positive cash flow property in Victoria, then you should consider starting an Airbnb listing in Melbourne because it can help you create a nice rental income easily.

Why should you consider buying investment property in Adelaide?

Adelaide is an interesting market to invest in from the perspective of property investors if we consider the many advantages it offers. Check out some of the major reasons why investment properties in Adelaide are an excellent idea: 

• Driving force behind SA’s economy

Overall, Adelaide’s economy has a consistent high performance and continues to flourish as time passes. The city is home to most major corporations in the South Australia area since it’s the center of government and commerce. As a matter of fact, Adelaide is the engine power of SA’s economy, contributing around 20% of the economic output.

• Affordable living cost

When it comes to the affordability of living expenses and housing prices, Adelaide is indeed an attractive market for real estate investors. The city is one of the cheapest major cities in Australia to live in along with Perth with fairly low costs in categories like rent, transportation, food and entertainment.

According to realestate.com.au, the average property price in Adelaide ranges from A$781,000 for houses to A$465,000 for units.

• Most liveable city

One of the main reasons for the population growth in Adelaide aside from its affordable living cost is the great quality of life that residents can enjoy here. The city has a laidback lifestyle and you can have access to top-quality amenities, healthcare services, public transportation system, and education.

The safe and clean environment, as well as the infrastructure and impeccable recreational facilities, helped Adelaide to rank high as one of the most liveable cities in Australia and also in the world.

• Enjoy unique adventures

Are you an outdoor enthusiast or enjoy admiring nature while taking a stroll? Then let us tell you that you will love Adelaide since the city is surrounded by one of the most astonishing natural landscapes and is close to white-sand beaches and the best wine regions. 

But not only the natural surroundings stand out in Adelaide because you can’t miss the opportunity to have the best cultural experiences! There are plenty of museums, theaters, and art galleries throughout the city. Furthermore, Adelaide is widely known for its world-renowned festivals and events such as the WOMADelaide, Adelaide Hills Crush Festival, Barossa Vintage Festival and many others. 

Why should you consider buying an investment property in Perth, WA?

Investing in rental properties in Perth can be a great way to generate a nice income stream because it offers attractive investment opportunities to real estate investors. Living or investing in this city means that you will enjoy beautiful natural sceneries & fascinating cultural experiences. 

But what are the main reasons why investors should consider investing in Perth? Check out some of the reasons why doing real estate investment in Perth is a good choice:

• Cheap housing market

One of the top advantages of investing in Perth is that its real estate market is quite affordable. In fact, the city is currently the most affordable state capital in Australia to own a house since the average property price in Perth is A$545,000.

As if the low real estate market prices weren’t enough, let me add another great aspect of Perth’s livability: it has a low living cost. According to Budget Direct, consumer prices, groceries and rent are less expensive than the national average.

• Economic stability 

Western Australia’s overall economy has been outperforming the rest of the country, and its labor market has been consistently growing since the onset of the pandemic. Furthermore, the unemployment rate is the lowest among the Australian states. 

Perth enjoys a thriving economic expansion and is a hub for a plethora of job opportunities, with an unemployment rate of 3.8%. The sectors that contribute more to the city’s economic output are finances, resources and energy, mining, sciences, and technical services. 

• You will never get bored!

With one of the most pleasant weather conditions and a wider array of cultural and natural attractions, Perth surely draws the attention of national and international travelers alike. 

Perth is surrounded by extraordinary national parks, wineries, and white sandy beaches. Thus, outdoor lovers will have plenty of things to do during their free time. But if you want to get in touch with the cultural scene of the city, there is no shortage of impressive art galleries, historic neighborhoods, great food establishments, and exciting festivals and events. So we can all agree that Perth is surely an interesting place for people of all ages.

• Top market for Airbnb investment properties in Australia

Perth certainly has many positive sides such as its affordable real estate market, healthy economy, and a high standard of living. On top of that, Perth also stands out as one of the best places for Airbnb investment properties in Australia with many profitable opportunities for investors. So if you aim to achieve financial freedom, you should consider starting an Airbnb listing because it can help you create a nice rental income.