Why Australia’s economic strength means good news for property investors. Australia has a number of economic factors that make it a stand out destination for property investors.
These include:
- High capital growth in certain areas. On such example is the city of Perth which grew from 36.6%
to 42% per annum in 2006. - Low cost commercial properties and a growing international business presence in major cities.
This has led to good value for money and a foreign investor friendly environment. - High demand for residential and commercial real estate to accommodate a growing expatriate
working community. - Australians, who are increasingly seeking rental accommodation due to high interest rates and
property prices, making this a healthy growth area for investors. - Good currency exchange rates against the euro, dollar and sterling that are favourable, making
property purchase in Australia a valuable option. - A high growth rate, which is superior to that in most OECD countries, including the UK and the
US. - A wide range of mortgage options available to foreigners, including interest free loans for five to
ten years. - Huge tourism growth. According to the Australian Forecasting Committee, some 10,000 extra
hotel rooms will be required in resort areas by 2014. - Population growth and rising incomes ensure the demand for housing outpaces current supply,
causing prices to rise.
Source: investinaustralia.com
