People who are considering investing in Australian property need to look past the housing market as a whole, it has been suggested.
Writing in the Australian newspaper, property commentator Terry Ryder said that it is always a good time to buy property somewhere in the country.
"Australia is a big country and the mistake many commentators make is to discuss real estate as if it were one large market, with all locations moving in unison," he stated.
Mr Ryder noted that over the last 12 months, Sydney and Melbourne have seen significant median price growth, but neither Brisbane nor Perth has.
Similarly, many small, regional towns have not experienced the house price increases seen in Sydney and Melbourne, which could make them affordable places to buy property.
His comments follow recent figures from the Australian Bureau of Statistics, which showed that the number of new Australian properties approved in September totalled 12,431.
Posted by Ravin Chatlani
