Australian market continues to grow

Those who invested early in the Australian property market will be enjoying the steep growth that their homes have been experiencing over the last year.

Property Journalist Marc Da-Silva has claimed that buying in the country's market can be quite expensive currently thanks to the significant price increases that have been seen nationwide, with some regions benefiting from "double digit growth".

However, according to reports by Australian Unity Investments (AUI), the market in the southern hemisphere country is set to perform well this year.

Martin Hession, head of property at AUI, explained that potential investors can find good opportunities.

"Because banks have not been financing property development for almost two years, supply is set to become tight very quickly.

"Combined with an economic recovery in Australia and solid growth in white-collar employment, you get the ideal conditions for substantial growth in the property market."

Furthermore, in February the latest RP Data-Rismark National Home Value Index demonstrated an average increase of 1.8 per cent in property vales across the country.

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