Investors throughout the world are flocking to Australia, being attracted by the high quality and low prices of properties for sale, especially when compared to international standards.
Although real estate prices of houses for sale in Australia have experienced exponential growth over the past decade, especially in the main centres of Australia, Wellington and Christchurch; as well as many popular rural and coastal areas. You can also get the information about eaglemont city through various online sources.
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Australia does not require investors who sell their properties to pay capital gain taxes on their profit. This presents investors with a distinct advantage as their profit margins are not dwindled.
Median house prices have risen steadily over the past decade, showing increases of 6.1% during the year ending September 2009, according to the Real Estate Institute of Australia.
Over the period of the housing boom in Australia, dating from the years 2001 to 2007, house prices experienced significant growth levels, rising 94% (66% in real terms).
Demand and median house prices started to decline in 2008, as the effects of the global economic crisis spread to Australia.
However, effective financial management and economic stimulus packages released by the Australian government, resulted in a strong economy that weathered the economic downturn.
Australia's economy, and particularly its housing market, clearly benefited from effective measures implemented, with consumer confidence and property sales increasing as a result.