Australian real estate boom enters third decade

Nicholas Wallwork

Nicholas Wallwork

Staff member
Premium Member
While we continuously read headlines suggesting that the Australian real estate boom is over it is worth remembering it is now entering its third decade. That’s right, over the last 30 years there has been a real estate boom in Australia with house prices rising by an average of 7.25% per annum. While the increase

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Australia in general, let alone the property market, is an area of the world which is often overlooked. Let us not forget this is a country which has not yet dipped into recession even in light of the 2008 worldwide economic downturn. Which other countries in the Western world can boast this?


Are all areas of the Australian real estate market booming or is this concentrated around the larger cities such as Sydney, etc?