admin-ajax.php

OS investors set sites on the Lucky Country

With Australia’s property market proving its strength and resilience on the world stage in recent times, it’s understandable that investors around the globe are starting to sit up and take notice of real estate here in the Lucky Country.

Riding out the economic turmoil of the Global Financial Crisis, our capital city housing values outperformed all other developed markets in the world. And while the US was sustaining a bone crunching 30% drop in property prices, here at home we escaped the economic fallout relatively unscathed and even saw significant price growth in the housing sector.

A recent report published in the The Sydney Morning Herald, quotes global capital flows research from Jones Lang LaSalle to confirm that Australia was ranked seventh in the world as a destination for cross-border investment in the first half of this year.Locally, cross-border investment increased more than five-fold from the same time last year, to $US1.8 billion, putting us behind Britain – ranked number one – with $US7 billion worth of cross-border investment to date in 2010. Germany replaced America as the second most popular investment destination, leaving the US in third place.

Interestingly, the report claims that not only are overseas investors snapping up direct assets, but they are also buying into Australian real estate trusts.
Director of international investments at Jones Lang LaSalle in Australia, Simon Storry said, ”We expect Australia to continue to be on the radar of foreign investors for the remainder of this year.”

”Commercial real estate in Australia has offered solid and stable returns and an attractive environment for investors seeking stability in their globally diverse portfolios.”



icon-podcast-large

SUBSCRIBE & DON'T MISS A SINGLE EPISODE OF MICHAEL YARDNEY'S PODCAST

Hear Michael & a select panel of guest experts discuss property investment, success & money related topics. Subscribe now, whether you're on an Apple or Android handset.

icon-email-large

PREFER TO SUBSCRIBE VIA EMAIL?

Join Michael Yardney's inner circle of daily subscribers and get into the head of Australia's best property investment advisor and a wide team of leading property researchers and commentators.


Avatar for Property Update

About

Michael is a director of Metropole Property Strategists who help their clients grow, protect and pass on their wealth through independent, unbiased property advice and advocacy. He's once again been voted Australia's leading property investment adviser and his opinions are regularly featured in the media. Visit Metropole.com.au


'OS investors set sites on the Lucky Country' have no comments

Be the first to comment this post!

Would you like to share your thoughts?

Your email address will not be published.
CAPTCHA Image

*

facebook
twitter
google
0
linkedin
0
email

Michael's Daily Insights

Join Michael Yardney's inner circle of daily subscribers.

NOTE: this daily service is a different subscription to our weekly newsletter so...

REGISTER NOW

Subscribe!