Australian Bureau of Statistics‘ March 2023 data shows that the total value of residential dwellings increased by $140.0 billion to $9,874.7 billion, with the number of houses rising by 52,000 to 11,020,300. Additionally, the mean price of residential homes went up by $8,500 to $896,000.
“Real estate investors utilise mortgages to finance property purchases, expanding homeownership opportunities and stimulating economic growth. By understanding market dynamics and identifying potential growth areas, they make well-informed decisions to achieve financial success in residential real estate,” says mortgage and investment expert Shane Perry of Max Funding—one of Australia’s leading funding facilitators.
Residential real estate investment remains an alluring avenue for investors seeking stable returns and long-term wealth accumulation through property ownership.
Here are some current housing market trends and profitable opportunities that savvy investors can capitalise on:
1. Growing Demand For Urban Living
The continued urbanisation trend has increased demand for residential properties in city centres. Millennials and young professionals, in particular, appreciate the ease of city living, which drives up rents and prices. Investors should concentrate on urban locations with robust job markets and well-developed infrastructure to optimise their prospective returns.
2. Suburban Resurgence
The epidemic has rekindled the desire in suburban life to value space, privacy, and access to green spaces. As remote work grows more common, suburban areas within commuting distance of cities are becoming more appealing. Investors can profit from this trend by purchasing properties in suburban hotspots that provide a compelling blend of city conveniences and quiet tranquillity.
3. Technological Integration
Virtual property tours, smart home gadgets, and data analytics assist investors in making better selections and streamlining property care. Adopting technological advances can enhance the overall investing experience and attract tech-savvy tenants.
4. Sustainable And Eco-Friendly Features
In recent years, eco-consciousness has become a crucial consideration for homebuyers and tenants. Properties with sustainable features, such as energy-efficient appliances, solar panels, and green building materials, are more appealing and can command higher rents or sale prices. Investors should take note of this shift in preferences and consider eco-friendly upgrades for their properties.
5. Short-Term Rentals And The Sharing Economy
The advent of short-term rental services like Airbnb has disturbed the traditional rental business. Investors may capitalise on this trend by investigating short-term rental opportunities in tourist locations. Research local legislation and market demand to establish a profitable and compliant endeavour
6. Affordable Housing Initiatives
Amidst rising housing costs, governments and organisations focus on affordable housing initiatives to address the housing affordability crisis. Investors can participate in these programs, which often come with tax incentives and grants, helping them achieve financial goals while making a positive social impact.
7. Demographic Shifts And Senior Housing
As the population ages, so does the need for senior housing. Investing in retirement villages, assisted living facilities, or senior-friendly residential properties can be profitable. Understanding the demands of the ageing population and providing appropriate housing options can result in significant returns.
8. Real Estate Crowdfunding
Real estate crowdfunding platforms have emerged as an alternative investment avenue, allowing smaller investors to participate in large-scale projects. Diversifying a portfolio with crowdfunding investments can spread risk while providing access to a broader range of properties and locations.
Invest In Residential Real Estate With Aussem
Residential real estate investment remains a promising route to financial success. Investors can find profitable possibilities and make wise judgments for long-term prosperity by being updated about the newest housing market trends, embracing technological improvements, and recognising changing demographic preferences.
Aussem is a reputable mortgage solutions company offering comprehensive property investment solutions and loan services in Australia. Their expertise lies in assisting clients with strategic investment planning and property acquisition, making them a trusted partner for successful real estate ventures.
Contact us at info@aussem.com.au for more information and get to know Aussem—one of Australia’s top mortgage and investment solutions providers.
