Thursday 10 September 2015

Buying Houses in Sydney or Build a Duplex Here

Are you looking to buying houses in Sydney? But before initiating your buying needs, you first need to know some true facts about Sydney. It is very true that Sydney has a history like no other Australian city with evidence to show it was inhabited over 30,000 years ago and was the landing point for Capt. Lieut. James Cook on one of his expeditions on behalf of the UK government. It has a history, culture and place in Australian folklore which no other city can match and it also has a presence in the worldwide industrial sector which is attracting interest from overseas companies and expats alike.

When you consider that Sydney contributes 25% of the gross domestic product for the whole of Australia it won’t come as a surprise to learn that property prices in Sydney are at the very top of the tree. The median house price is around AUSD550, 000 and the median unit price is around AUSD400, 000, perfectly reflecting the high end living and the high-end cost-of-living in Sydney.
In order to build a duplex during this economic down time is rather attractive for buyers this time of the year. Buying property in this city means that you will have to look for a good commercial space, good lighting, parking, etc. You can use your property purchase to convert into retail shops, apartments, offices, workshops, retirement villages and childcare centers.

The property market in Australia is one of the only markets to have remained stable in the last five years. In such time, looking for property to buy in Australia can seem intimidating as the country is so big, however once you have chosen a region then get in touch with a local estate agent and advice them of your property needs. They will soon be able to put together a list of properties within your budget to view.

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