Despite all of the turmoil of the global economic crisis over the past few years, it seems that there are finally some solid investment options on the horizon, with the current real estate climate perfect for those looking to take the plunge and buy their first home. The following is a brief look at why now is a good time to buy, and where the hottest areas in the country look to be over the next few years.
Rent is increasing
Due to a lack of available housing options in Australia at the moment, the cost of rent has been going up, as with limited places to live it has been easy for landlords to be able to increase the amount of money they are asking for their properties. So rather than just continue to pay increasingly higher rents for your place, now is the best time to jump ship from renting, and get yourself a place to call your own.