Australia’s property market has been experiencing low-interest rates, which has fueled demand for property in the country. On the supply side, while an average of 1,858,000 units get approvals every month, the shortage of houses is severe. With the population increasing by 150,000 per annum, the supply is inadequate. The result is rising property prices.
The Australian property market is ready to give you the best returns in a long time. It is now easy with online property platforms such as Liviti and starts investing with a few clicks. These are the top benefits of using an online platform.
Online property platforms in Australia offer an easy and transparent registration process. All you need to do is answer a few basic questions about the kind of property you are looking for and enter your details to get started.
The questions you can expect are whether you are a first-time buyer, the number of bedrooms preferred location, budget, and the number of months you are willing to wait. You will also have to provide your name, e-mail address, and phone number so that their experts can contact you.
Property search on an online platform is as simple as shopping on Amazon. You need to enter the specs you are looking for, and the platform will show properties that match your needs. You can adjust the filters to increase or decrease your budget. You can also change locations to look at other neighbourhoods. You can also schedule visits to various properties to inspect them. Some property platforms also have mobile apps that you can download on your smartphone and search for properties from anywhere.
The Australian property market has a 20-year cycle, and it is presently in its upswing. The phase will last for a few years before it peaks and then begins its descent. Due to COVID, there was a temporary slump in demand, and due to this, sellers are in full swing to get rid of their properties. When so many of them gather on a single platform, you can expect to get the best prices for the property that interests you.
Online Documentation And Funding
Once you have selected the best investment option, you can start the purchase procedure by submitting your documents online. Once your loan is approved, the purchase papers are drawn up, and the property is transferred to you. You can also find lenders offering loans at competitive rates, and all this at the tap of a few buttons.
Start Living In It
With all the formalities underway, you are the apparent owner of the property. Rent it or live in it, and enjoy regular returns. You can also sit on it and sell it when you get the right price. You can expect your investment to give great returns if you invest in the downturn and wait until the upturn.
The Australian residential property prices are expected to rise after the COVID hiccup. You can benefit by investing now and watching your money grow. Using online platforms such as Liviti can make the entire process seamless and hassle-free. Start your search for the right property today.