The main drawcard of property investment anywhere in the world is earning a profit – whether that means owning a cash-flow positive property or making a capital gain when selling it. Keeping an eye on the movements and trends in your local real estate market can help you establish the perfect time to buy and sell properties, in order to secure the best possible return on your original investment.
For example, the latest Bendigo Bank/Real Estate Institute of Australia (REIA) Real Estate Market Facts report has found weighted average house price across Australia's capital cities increased during the first quarter of 2014, which is fantastic news for the owners of investment real estate in Brunswick who are looking to cash in on their portfolio.
REIA president Peter Bushby said the average increase for median house prices across the capital cities was 1.9 per cent during the March quarter, while other dwelling types – including apartments and townhouses – saw a median price increase of 1.7 per cent over the same period.
"The weighted average median house price for the eight capital cities is now $606,517 with Sydney, Melbourne, Adelaide, Canberra, Hobart and Darwin all contributing to the rise," said Mr Bushby in a 11 June statement.