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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

 

DISCLAIMER: This disclaimer is a requirement of the Securities Industry Legislation Act. The writer of this article is not a practicing lawyer or financier. The information, statements and opinions expressed are intended only as a guide as to some of the important considerations to be taken into account relating to property investment. I strongly suggest that you consult with licensed professionals such as accountants, Lawyers, Valuers, Development Consultants, Quantity Surveyors and others, BEFORE signing any contracts or other binding documents.