Australia:

Hotspots

Property investment hotspots in australia

Contents

Sydney

Sydney is the largest and most financially significant city in Australia. It has a growing reputation which is attracting more and more tourists each year. Sydney is a sophisticated city with a great deal to offer its visitors, such as wildlife parks and sanctuaries, various eateries and drinking establishments and many stunning beaches. Darling Harbour is one of Sydney's busiest hotspots offering a range of activities, restaurants, museums and shopping facilities.

Sydney is currently being promoted as one of the next big international shopping destinations. In the same vein as London, New York and Paris, the city is increasingly becoming known for its wide variety of clothing stores. The city also hosts many festivals, large and small, with something to appeal to almost everyone.

One bedroom flats in Sydney start at around £150,000, and although Sydney has the highest average income in the country and is one of the most expensive areas to live in Australia, it is relatively cheap to rent here, and demand is high for these properties. The high purchase cost and the low-cost rent results in the yields being around 4.5%.

Melbourne

The second largest city in Australia and the cultural capital of the country, Melbourne celebrates its diversity with several art galleries, festivals, live music and a great selection of food and drink. It is another cosmopolitan city, slightly smaller than Sydney, and is often referred to as the sporting and cultural capital of the state of Victoria. The city centre is renowned for its energy and lifestyle and it is a perfect place to stroll and experience the variety of culture that is present here. The Docklands is a new precinct with several shops, bars and restaurants and is currently a very popular tourist interest. St Kilda is the beachside suburb of the city with several parks, gardens, beaches and museums and the area becomes very busy with tourists during the summer months.

Darwin

Also known as 'the gateway to Asia', Darwin is a multicultural city which is most commonly known for its sunshine, beaches and lively nightlife. The wet season between November and April doesn't attract many tourists, so from May until October is the busiest season. Darwin offers many museums, galleries and parks to visit, or the opportunity to spend the day on some good beaches enjoying different water sports. The city also offers several historic sites to visit and many sightseeing opportunities. Many backpackers use Darwin as a base, in order to travel to nearby attractions such as Kakadu and Litchfield national parks.

Brisbane

As the third largest city, Brisbane is one of the fastest growing cities in Australia and is also the capital of the Queensland region. Brisbane is extremely diverse with areas of parkland, an artificial beach, and several high rise buildings and skyscrapers. The Gold Coast is situated between Brisbane and the New South Wales border and boasts some spectacular beaches which have proven to be a very popular tourist destination especially for water sports. With a relaxed atmosphere and friendly people, Brisbane is a perfect holiday destination for families or travellers.

Perth

The capital of Western Australia, Perth is a modern city with most of the western population living in and around the city. Situated along the Swan River, Perth has several famous landmarks. The Perth Mint is an historic heritage building that attracts not only tourists but also locals. Kings Park is 1,000 acres, making it ideal for walks, picnics and relaxing and is home to numerous diverse species of animals and birds. There are beaches near the city that are easily accessible and are particularly popular with tourists.

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