Is there room for appreciation in Australian real estate industry?

As a non-renewable resource, land itself has the characteristics of maintaining and increasing value. So, how does Australia's land preserve and increase its value? Let's talk about the real estate industry in Australia. Is there room for appreciation?

The greatest value of investing in real estate in Australia is that the ownership of the land is transferred with the house.

According to the research report of the Australian Housing Industry Association (HIA), in the five years up to 2003, the value of open space in Victoria increased at an annual rate of 65,438+03.5%. In other words, if you invest in real estate and only increase the value of land every year without calculating the value of the house, you can make a profit of 13.5%. At the same time, research shows that in the past few years, developable land has become a hot spot for real estate developers.

The urgent demand and the tradition of changing houses constitute the internal reasons for the appreciation of open space and other forms of real estate in Victoria Province.

The urgency of demand is mainly reflected in the influx of a large number of new immigrants and the government's preferential policies for first-time buyers. According to the data of Australian Bureau of Statistics in March, 20001year, Queensland and Victoria are the only two regions among the seven major provinces and regions in Australia that recorded a net increase in the number of immigrants. The influx of new immigrants constitutes a huge demand for housing. Secondly, in order to encourage first-time buyers, the Victorian government has given first-time buyers a policy of exemption from stamp duty. This policy can save about 20,000 yuan for first-time buyers, which greatly mobilized the enthusiasm of buyers.

For a long time, Australian residents have a tradition of changing houses. This tradition of "liking the new and hating the old" and "exchanging small houses for big ones" constitutes a thriving scene of the real estate industry and related real estate agents. Generally speaking, Australian residents will consider buying a house after they have a job. Generally speaking, about 200,000-300,000 houses are the choice of young wage earners. Because of Australia's sound loan structure, when they reach marriageable age, they will consider selling their original house of 300,000 and buying a house of about 350,000. When they are 40 to 50 years old, they will consider living in a house of 400,000 to 500,000, or owning a second property. At the age of 70, the elderly in Australia generally choose to sell their houses and live in apartments for the elderly. Therefore, Australian residents have about 4-5 experiences of buying and selling houses in their lives. This has also formed the Australian real estate market, with strong real estate transactions and stable demand in Australia.

Whether from the perspective of "natural beauty" (preservation and appreciation of the land itself) or "acquired advantage" (strong demand and transaction volume), it is imperative to invest in Australia's real estate industry.