Foreign Investors cannot get enough of Australian Property Market
Unexpected Australian property investment news came today in the realisation that some unforeseen foreign investors are mightily interested in the Australian Market.
Dramatic rise in interest shown from ‘BRIC” nations such as Russia, Brazil, China, South Africa and India, highlights the universality of the Australian Property market, with the UK, USA and New Zealand making up the more traditional foreign investors.
There is an increasing view that residential real estate in Australia is looking ever more attractive due to the lowering of the Australian dollar and the owning of property becoming a global commodity. Even with heightened restrictions on foreign investment into these markets, foreign buyers still account for 11 percent of all house sales and 16 percent of all apartments.
If you have thoughts of buying into Australian property from either abroad or from at home, contact us today on 1300 769 166, and learn more of what this means for you!
By Clayton Ross