Australia is an outstanding country when it comes to lifestyle and climate. It gives many economic and political advantages for today’s international property investors. Australia offers lucrative opportunities for property investment in present property hotspots. With a current backlog of 200,000 residential properties desired, a number that grows by a further 30,000 per year, an undersupply of developed land and a shortage of funding for development companies, there is a serious lack of homes in Australia, no wonder many pros call it a housing crisis. Through natural population increase and new arrivals to The Lucky Country, Australia’s population grows by about 400,000 per year.
As an outcome of the constant demand, rentals and property prices will rise steadily. Along with strong demand from renters, and with generous aid from the government, investment property is the envy of the developed world.
The following points are the key reasons that make Australia such a strong investment opportunity today:
Great, temperate climate, with an amazing average 3,500 hours of the sunshine per year. An excellent climate gives rise to a pleasant outdoor lifestyle and healthy living.
Property value has increased an average 8% per year over the past 100 years.
Beautiful and clean beaches, tropical rainforest, rugged mountains, deserts and sun-baked horizons that continue to attract people to the country as a whole.
Stable both economically and politically, mixed to create a peaceful and secure lifestyle option.
GDP on par with most European countries. Australia’s strong economic growth rates are higher than most OECD countries, including the US and UK.
English is the national language and the legal and business environments are based on the British system.
Well established legal and property buying process, similar to that of the UK.
High capital returns of around 30% or more in key investment areas such as the Western Coast.
Fantastic, healthy lifestyles with an abundance of outdoor pursuits, eg. swimming, fishing, cycling, jogging, bushwalking and more.
High rental demand due to currently high property prices.
Interest only mortgages on offer for 5 or even 10 year periods, making a property purchase a more viable option.
Population growth and rising incomes ensure the demand for housing outpaces supply, causing prices to rise.
Regulated investment markets that are transparent and low risk in the Australian arena
Favourable currency exchange rate allows you to buy more for your money in Australia.
The only actual risk for new property investors is in trying to go it alone, and not making costly errors just through a lack of research or knowledge. With an excellent property investment company, you do not have that danger. Nor do you have your family and work time consumed with sourcing financing, building and property management issues. Lower danger, your own family, more time for yourself as well as greater returns.