Relieved property experts in this field are optimistic about the future growth of the industry after residential values appear to have dodged a bullet in the repercussions of the global financial crisis. Property prices seem to have seen the worst times behind them and are predicted to fair better in the coming future. Experts around the country are predicting capital increases of about 5 per cent.

But Brisbane-based property researcher Michael Matusik has gone against popular opinion and suggests that property developers should be cautious. He is saying that there are currently enough homes being built to meet the demand and that could even lead to an overbuild if current construction trends continue. He said increased migration abroad had not led to as great demand as expected, due in part to the big house arrangements.

RPData researcher Cameron Kusher is more optimistic than many commentators and predicted that the property market will see 7 to 8 per cent growth next year in Brisbane. He cited the availability of financing as the wildcard that could affect how many property investors enter the market. He predicted that many investors will be looking to buy old property stocks which were in need of renovation.

“The best-performing suburbs are those near transportation and schools, including Coopers Plains, Keperra and areas that were still affordable,” he said. BIS Shrapnel senior project manager of residential property Angie Zigomanis expects a growth of about 5 to 6 per cent in residential property established for next year. “Over the next two or three years, I think you’ll find interest rates will keep edging slowly upward and will keep the lid on the massive growth of double-digit price, we saw before, “he said.

Ray White property chairman Brian White says Australia has avoided a substantial decline in property prices. “Every time we seem to have forgotten the anguish of the four or five months of the year and have been trying to understand how on earth the year ended so strongly, “said White. He predicted growth of 5 percent for next year.

With so many positive predictions being forecasted by the property professionals, it seems like the Australian property market is forming a solid foundation to move in an upward growth trend in the long term. With the rest of the world’s economies also beginning to see the light at the end of the tunnel, it looks like any further declines in the property market will be limited. However, we still need to exercise some prudent and wait and ensure that we don’t experience a double dip recession.

When it comes to the Australian housing market it is safe to say that it has been one of the best investments for international investors in recent years. There are some impressive real estate figures coming out of Sydney and the reason is down to the fact that Australia recently went through a housing boom. The situation has slowed down slightly now but prices and demand for Australian housing, especially in the Sydney area has remained strong according to news reports in the Sydney Morning Herald.

The aspect of the Australian housing market that is overshadowing everything else at the moment however is the rental market. Increased mortgage rates meant less investment in buy-to-let, which resulted in less availability and proportionally higher demand, resulting in higher rents and subsequently a higher cost of living. This doesn’t however mean that people have stopped or are going to stop purchasing property in the Sydney area, especially as interest rates are on the way down again.

Even though in recent years the overall housing market in Australia, and the rest of the world, has experienced some bleak times; there is little doubt that it has a strong future. This is because people will always need somewhere to live and Sydney, is one of the most in demand areas when it comes to the Australian real estate market. The real estate within Sydney is diverse and the population is quite spread out, even though it is one of the most densely populated cities in Australia. It is an extremely desirable place for people to purchase property and currently some of the most popular buying opportunities in the property market revolve around inner city Sydney apartments. This is because these properties are considered to be significantly undervalued when they are compared to the surrounding suburbs.

Even though Sydney real estate is now considered to be the most expensive of all the Australian capital cities, according to a 2008 Global Property Guide report; you can still pick up a comparative bargain, such as the inner city apartments mentioned above. Property values in the Sydney area have shown little in the way of growth over the past five years but the one thing Sydney is demonstrating is some fantastic buying opportunities. This is true whether you are a first time buyer or an experienced buyer.