NAMING THE HOME When you’re starting out, you’re probably thinking about buying a house in Australia.
But what if you want to be a real estate agent and have to sell a property in a country where property values are relatively low?
The Australian Real Estate Council has released the list of the top 10 countries for house prices, with Melbourne topping the list.
The country’s real estate industry has been struggling to keep up with demand, which has forced many agents to focus on overseas locations.
Real estate agents have been forced to move to new locations to avoid a similar experience.
Australia has the highest number of new homes listed for sale each year, with the average sale price increasing by about $400,000 each year since 2013.
In 2018, more than 6,200 new homes were listed, with some costing as much as $2.4 million.
It’s no secret that Sydney and Melbourne are Australia’s top markets for property sales, with prices up around 20 per cent over last year, and Melbourne and Sydney being the top two markets for home sales per capita.
However, there are some things to be aware of before you buy a home in Australia, such as how much your home will sell for in real terms, how much you’ll pay in taxes, and whether you’ll need to pay capital gains tax.
Find out more about the top ten countries for real estate agents here.
The top 10 markets for house sales per personThe Top 10 markets by sales per Australian The Top 10 countries by sales of houses per personTop 10 countries in house sales in 2018 The Top Ten countries in home sales in 2017The Top Ten states for house price growth per capitaTop 10 states in house price inflation per capitaThe Top ten states for median house pricesIn 2018 and 2019, median house price grew by around 3.3 per cent and 1.9 per cent respectively.
As you might expect, the top markets saw the largest increases in house prices.
In 2018 alone, Melbourne and Perth experienced the biggest increases, with Sydney, Melbourne’s second-biggest city, seeing an average house price rise by 12.3 and 13.9per cent respectively, while Sydney’s market was the biggest outlier, with average house prices up 6.8per cent.
There was some debate about whether Melbourne and its suburbs were the most expensive areas for property buyers.
For example, a study by the Real Estate Institute of NSW found that median house values in Melbourne were slightly higher than the national average, and were slightly less expensive than in Sydney, Brisbane and Adelaide.
And while prices in Brisbane and Melbourne were still higher than in the national median, the cities’ median house value per square metre was lower.