Major Australian cities naturally are experiencing the biggest growth in their real estate markets. Cities like Sydney, Perth, and Melbourne are leading the way in the real estate arena. In addition, a great number of more rural areas in the country are experiencing a surprising growth in their own real estate markets. Many people have come to find the more rural areas of the Down Under to have particular appeal. An increasing number of people — both Australian nationals and people living abroad — have become more involved in purchasing and owning investment real estate in Australia since the turn of the century. Generally speaking, the up tick in the acquisition of investment real estate throughout Australia is taking shape in two general areas.

First of all, a growing number of people are seeking, finding and purchasing real property in th major Australian cities that is then leased to different types of business enterprises. A surprising number of foreign nationals are involved in this type of investment scheme. For example, many Europeans have taken to investing part of their capital in commercial and business properties in the major Australian cities. Generally speaking, investors have realized a fairly substantial return in this type of investment in recent years. Indeed, from a long term investment standpoint, real estate values have continued to rise significantly in all major Australian cities for the past decade.

Second, a notable number of people who are seeking an investment in income producing real estate have taken to putting their money into properties that are involved in the tourism trade in Australia in one fashion or another. Tourism remains a primary industry in the Down Under in the 21st century. An ever growing number of visitors are trooping to Australia with each passing year. Most real estate analysts in Australia maintain that no proverbial bubble is yet in sight when it comes to the investment market Down Under. Therefore, most of these experts agree that a present day investment in real estate in Australia is a solid decision, not only for today but well into the future.

Property in Sydney is a valued commodity, as they have the highest median house price of any Australian city. International property investors would be able to compare the cost in housing to that of California in the United States. Australia also has the Western World’s highest property prices when measured against rental prices.

The value of Sydney property market has traditionally doubled in value every 7-10 years over the last 100 years. Sydney’s current median price for houses is now over $565,000 and leading economic forecasters BIS Shrapnel and Residex predict house prices will continue to rise over the long term.

The city is rich in arts and entertainment and many of the visitors and citizens of the city are interested or involved in this area in some way. Fox Studios Australia opened in 1998 and many famous movies have been produced here including Moulin Rouge, Star Wars Episodes II and III, Superman Returns, and The Matrix. Sydney’s Opera House is capable of hosting various styles of opera in its five theaters. The opera house is home to Opera Australia, which is the third busiest opera company in the world. These attractions draw a large number of aspiring actors and actresses as well as tourists. Those looking to invest in oversea property would be keen to invest in property that can be rented out to those in these areas.

Sydney also hosts numerous sporting events.Sydney Harbour has been used for recreational yachting as well Dragon Boat racing. The harbour is also famous for the Sydney to Hobart Yacht Race. The headquarters of the Australian Rugby League is also located in Sydney and the National Rugby League Grand Final is held in Telstra Stadium. Famous beaches in the area include Bondi Beach, Manly Beach, Palm Beach and Cronulla Beach.

The property along these beaches is some of the best real estate in the city. Suburbs such as Manly or Mosman are in high demand. Australia offers investment property in the form city apartments that are easily let to city workers.