Foreign property investment traffic is headed our way
Australia is increasingly being seen as a ‘safe ground’ for international property investors. As the Chinese domestic market wanes due to their unstable markets, and devalued Chinese currency, Australian markets look like a more solid investment option.
That is if one is going on Treasurer Joe Hockey’s thoughts in the Wall Street Journal last week. Hockey points to the appeal of the Australian market by saying that “Chinese investors are looking for safe, stable, secure investments”. He reiterated this point by pointing out that these “skittish Chinese investors” are more likely to be wanting to put their money into a relatively more stable market, owing to the sudden devaluation of the Chinese yuan by their central bank earlier in September.
This tides well for the Australian property market, with investments in this sector increasing in value and demand.
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