On one hand, the desire for Australia's quality lifestyle has driven continuous increases in housing and apartment prices. People seek not only basic housing but also comfortable and convenient living environments, including amenities such as schools, hospitals, restaurants, and proximity to city centers. This demand-driven scenario has led to a persistent shortage of housing supply, making rising prices a prominent feature of the market.
On the other hand, the influx of international buyers has injected new vitality into the Australian real estate market. Overseas buyers, including expatriates returning from New Zealand, England, the United States, Canada, and China, have shown strong interest in Australia's city centers. They prefer well-located properties with comprehensive amenities, especially those renovated and well-decorated, to meet their pursuit of high-quality living. This increase in international demand has provided additional impetus for price increases in some cities.
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The phenomenon of continuous price rises is particularly evident in major cities like Melbourne, Sydney, Brisbane, and Canberra. Whether in eastern suburbs, city centers, inner-west areas, or northern suburbs, all regions are witnessing record-high property prices, becoming some of the hottest markets currently. The demands of retirees, young people, returning expatriates, and investors intertwine, driving the continuous prosperity of the real estate market. With the approaching 2032 Olympics, increased international interest injects new vitality and momentum into the market.
However, as property prices continue to rise, attention is turning to the stability and sustainability of the market. Factors such as insufficient supply levels, rental crises, resale of older properties, and fluctuations in interest rates could affect the market. Buyers and investors need to carefully assess market risks and formulate reasonable investment strategies. Governments and relevant departments also need to strengthen regulation and policy guidance to ensure the healthy and orderly development of the real estate market while meeting people's pursuit of high-quality living.
