What you need to know about the Australian real estate market in 2019

 First of all, let us see which are the most in-demand dwelling suburbs in all of Australia. Everyone wishes for a great place to live. These are simply the best that you can find in all of Australia right now. Note that these are not cities or towns, but suburbs and thus fall under a city or region. Now, without further ado, here are the areas and suburbs that you need to see.

• Middle Park, Victoria
• Battery Point, Tasmania
• Aldgate, SA
• Crafers West, SA
• Collaroy Plateau, NSW
• South Hobart, TAS
• Belair, SA
• East Geelong, VIC
• Killarney heights, NSW
• Red Hill, VIC

Now, let us see what the growth of the real estate market is, given in median price. At Sydney, the median price is $840000. At Melbourne, the median price is $665000. At Brisbane, the median price is $490000. At Adelaide, the median price is $437,511. At Hobart, the median price is $420000. At Darwin, the median price is 440000. At Canberra, the median price is $591000 and at Perth, it is $475000.

                                      

The market downturn is currently going on, but there is more to come. The country is truly in the midst of a housing downturn. Although the conditions are still good in the country and even highly variable, it is to be noted that only 4 of the largest cities saw any price increase since 2018. As for the rest of the cities and regions, they are showing record declines. 

                                                                

Conditions are variable across regional Australia. While some experts are saying that the price falls in most parts of the country are far less severe than what records and statistics are showing them as, there is no doubt about the fact that there are considerable market decline in Sydney and Melbourne. However, there are no very pronounced as many think. In capitals other than these, the new news is good.

Real estate market prices are seeing moderate growth and the situation is even stabilizing. Cities to show most growth include Canberra, Hobart, Brisbane and Adelaide.

If you are looking for a property in the above suburbs you may contact a real estate agent like Noel Rogers in East Fremantle. 

Summary: Wondering how the real estate market currently is, or shall be in 2019? Want to buy or sell properties here but want to know about the market first? Then this is the blog for you!