Are investors herd to Australia Property Market? Will the investment into Australia’s real estate market rise? These are the questions that need to be answered.
According to ANZ Chief Economist Warren Hogan, “One in five sales were from foreigners (earlier this year), which is an extraordinary high rate.” “Domestic and International investors are continuing looking for value in the next tier of cities in Brisbane, Adelaide, and Perth.”
Despite the weakening Australian dollar and slowing economy, there are investors especially foreign investors believe and forecast to have a better market. Australian market is still an attractive destination for investors especially Chinese.
Anyhow, Australian market is considered to be doing well despite the record lows and the interest rate remains at 2%. Declining currency rates boosts commercial property and investors interested to enter the market. Although, there is a risk but still interested to invest the market for a long term. They strongly believe that currency will be stabilized. When the unemployment is slowing down, new opportunities open and residential market may boost.