Ever since the late 1990’s, Australia has seen a substantial increase in the amount of visitors to Australia whether for work, studies or to live on a permanent basis and all over Australia, investors are taking advantage of the affordable property prices.
Australia is a very attractive investment destination for both nationals and over sea buyers, due to the minimal, yet diverse population, fantastic beaches and stunning rainforests.
Thanks to the wave of migration from countries like Canada and New Zealand, Australia has shown to be a good investment and is also proud to have one of the strongest economies which has remained stable throughout the global economic crisis.
Purchasing real estate in Australia is a relatively simple process, similar to other countries such as the United Kingdom, however, permission from the Foreign Investment Review Board (FIRB) must first be obtained. This is a easy process but can take some time to process.
Although property prices are prime in areas such as Sydney, Canberra and Perth there are still some good investments to be made. However, moving out of towns, suburb by suburb will see more affordable property prices and many experienced investors are purchasing run down properties, in need of renovation. These properties, if managed properly, can see a good return on your investment.
Cities such as Canberra and the Gold Coast are worth investing in, however a substantial deposit will be needed. Properties in regions like this always carry a high price tag as they are close to both the commercial and business districts. Other properties which are popular are ones located near to public commute gateways.
Thanks to the Australian Government recently upgrading the whole transport system throughout Australia, properties in more rural areas are also seeing an increase in investors. Better transportation means that more rural areas are more accessible to major towns and cities which is important for employment.
Properties involved in the tourism trade are also in demand as more and more people come to the country every year. Real estate close to coastal areas and in major towns associated with the tourism trade will almost always see a huge return on your investment whilst also earning you a healthy rental income.
With new Government grants for first time buyers, low interest rates and realistic, affordable property prices, beautiful beaches, warm climate and fantastic scenery, Australia has got to be your next investment destination.