Real estate i.e. property consisting of houses and land, has witnessed a consistent rise in its value since the beginning of human race. Even several disputes had arisen and the reason being real estate for most of them. Today, real estate prices in each part of the world and particularly Australia are touching clouds. The property market has seen a constant increase of around 5% since 19770’s.
Few factors which may have contributed to the increase in real estate prices in Australia may include:
- Due to financial up-liftment, availability of more credit with the people.
- Or another factor may be the low interest rates.
- Reduction in supply of land by the government.
- Government restrictions on land use.
- However, the most important factor here might be the high rates of population growth.
According to a survey, Australia has been ranked second after Hong Kong in the list of most un-affordable places to live. And prices in a few cities have become extraordinarily high Melbourne’s performance in the property market has been recorded as the strongest in 2015 and the same is expected in 2016. The real estate Eltham is one of those few rising real estate markets in Australia. . One of those places is Eltham which is a suburb of Melbourne and lies in its outer north east. There is a wide range of properties in Eltham which includes homes, flats, farms, and other real estate properties.
The suburb of Eltham is mostly undeveloped and hence is surrounded by greenery and fresh aura. Most importantly, it is very and connected to the main city of Melbourne. However, it is getting populated at a very fast pace and hence is losing its properties of a suburb. Also, the scenario of education is really progressive in the town. It has a large number of schools and colleges to offer quality education to its residents. It also has many historical sites such as The Historic Trestle Bridge which is the only wooden trestle bridge and thus it is an attracting place for tourists as well. All the inhabitants of this place enjoy a picturesque view. It is a very popular place among the old aged couples. All these factors give Eltham a few reasons that justify its increasing price in the real estate sector.
There is a wide range of houses and flats which are available at different prices in Eltham. Investing in real estate is a big decision in itself. So, to justify your choice, you must first go through all the details of the place. So, if you want to invest right and want to live at a place which doesn’t asks you to give up all your comforts and conveniences, then yes Australia, or to be more specific Eltham is the right place for you. For prices and other details, you would have to contact the concerned people and clear out all the queries which inhabit your mind. Go through the lifestyle of the place and take the right decision. All the best!!