Australian property is still in short supply and will probably remain so for the foreseeable future. According to the News Limited website on-going issues with larger developers getting financing means that Australia’s rapidly growing population will struggle to be housed for the next few years.
The property investing scene in Australia is a bit of mess – as usual the real estate agents would tell you, without a moments hesitation, that now is the time to invest! The stock market specialists, on the other hand, would say that property is still way over-valued.
More on Property Investing in Australia – Is 2010 the Year to Invest?
Its that time of the year when many Australian property investors and owners will be receiving their Council rates bill. It is of course traditional to complain about ever increasing Council taxes but they may be the best value for money taxes that you pay on behalf of your property.
