Aussie Properties

Ave capital growth in major Australian cites is abt 7.7%, with rental yields at 5%. With increasing population due to immigration and lower housing supply, property values in Sidney, Melbourne and Brisbane are set to go north.

Rents in Sidney rose 24% in 2007, and current yields vary fr 4%-6%. Over at Melbourne, prices have increased by 30% over the past 1.5yrs due to several universities located there. At Gold Coast, Queensland, ave rental yields are abt 5%, but are higher during peak periods. Tourists, however, usually lease for abt a week only.

When making a choice, buyers should know their objectives whether they are looking for capital growth or rental yields. Serviced apartments may offer a more hassle-free investment, and it is important to look for property marketeers/developers with good track record.

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