The global financial crisis (GFC) brought many challenges to the property industry, but comparatively speaking Australia has fared quite well next to other nations.
Finding rental property in the major cities of New South Wales can prove quite a challenge. High demand can drive up the price and make it difficult to secure suitable accommodation.
While foreign investment has largely been acknowledged as beneficial to real estate in Australia - and the rest of the economy too - illegal house purchases have poisoned the well for legitimate transactions.
Sustainability has become a more prominent factor in the search for real estate in recent times - energy efficiency, green technology and environmental impact reports are increasingly weighted in individual decisions to pass or buy.