Where do you think the next 'hot spot' will be?

[gerryonline]

Well we have seen Perth Sydney and the Gold Coast boom in terms of property and Melbourne has seen record property prices as well, so where do we think the next Hot Spot to invest in Australia will be?

My bet is SA, the government is supposedly investing more money into Mining than they did in WA, which I think will have the same effect it had over on the west coast.. higher demand for rental property, and a higher demand for property all together

What do you all think?

[Brendan]

nteresting that you mentioned SA, I just read an article at the Domain website that mentions Adelaide as a top pick for 2008..

Cheeck out the article

http://www.domain.com.au/Public/Arti...s%20for%202008

[rosshill]

I'm no real estate guy at all, but I would think that once the bigger cities have boomed then it would ripple out to the smaller areas. I was told recently that a tiny place (tiny = has one general store and nothing else) is going to boom soon because it is just past a coastal town that is booming now.

[Brendan]

Yea its going to be a very interesting time for oz.. I am currently in London and the housing market had boomed for 12 years at crazy rates.. over the past 3-4 months since the crash in the US housing market, it has affected the real estate market here in London.. and the cost of property is actually starting to drop.

I wonder if Australia will feel this knock on effect.. so far it doesn't seem likely.. I guess it depends on how strongly the Aussie dollar relies on the British pound and the us dollar..

thoughts?

[bogdanael]

well, i don't know much about the australian housing/land market and i want to know if you could tell me how much is a property(with or without house) for a 500sqm. for example. Thanks!

[EBHomes]

@ Brendan The property prices in Australia have been decreasing since the GFC and are likely to continue to decrease, due to house numbers for sale continue to rise and house purchases continue to drop. Perth is currently finding strong demand for rental properties at the lower end, placing temporary pressure on rental prices. The cause of this is due to still high home prices which again supports a decrease in housing prices in the future. I expect the Perth market to continue this way for serveral years until wage income increases to match. These circumstances or events can be manipulated by global events and or Federal government policy making and interest rates.

@Bogdanael first home buyers are paying from $150,000 land only, but you can pay up to $1,000,000 depending on location to city, and even a lot more for special locations

[AlbionColt]

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