REX: Real Estate Exchange
Monitor the Australian Residential Property Market
Property Investment: Is It Time to Buy?
Saturday 29th September 2012People investing in property or upgrading the family home are expected to bolster Australia’s property market into 2010.
But plenty of economists are still warning that Australians are paying the highest ever house prices relative to income.
Even finance gurus like Rich Dad, Poor Dad author Robert Kiyosaki are saying the biggest-ever real estate bubble is about to burst. So how do people know if it’s the right time to dip their toe in and buy an investment property? Read on:
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| Cities | Median | Property Price Index | |||||
|---|---|---|---|---|---|---|---|
| Sydney | $600,000 | 2.08% |  |
$353,768 | 1.22% | |
Details |
| Newcastle | $350,000 | 0.72% |  |
$443,093 | 0.86% | |
Details |
| Brisbane | $449,500 | 1.01% | |
$444,714 | 2.52% | |
Details |
| Gold Coast | $405,000 | Steady | $385,356 | 0.23% | |
Details | |
| Melbourne | $607,000 | 0.33% | |
$687,478 | Steady | Details | |
| Adelaide | $437,500 | 1.24% | |
$473,074 | 0.04% | |
Details |
| Perth | $465,000 | 1.09% | |
$486,664 | 3.59% | |
Details |
| Canberra | $450,000 | Steady | $369,908 | 1.01% | |
Details | |
| Darwin | $465,300 | 0.79% | |
$397,950 | 0.97% | |
Details |
What is REX?
Based on information provided by and with the permission of the Western Australian Land Information Authority (2013) trading as Landgate.