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. It is also known as having one of the strongest economies in the world and even through the current economic crisis, the property market has remained stable. Owing to the wave of migration from countries such as New Zealand and Canada, Australia is, indeed, a good investment arena. Since the late 1990′s has seen a significant increase in the number of visitors to the country, whether for studies, work or to live in the country on a more permanent basis and many investors are taking advantage of realistic property prices.
Investing for over sea buyers has also been made fairly straight forward although permission must first be obtained by the Foreign Investment Review Board (FIRB) This is a relatively simple process but can take up to 8 weeks 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.
If you have a sizeable deposit, then it is worth investing in cities such as Canberra and the Gold Coast, as properties in these areas are always in demand due to them being close to amenities like business and commercial districts. Real estate close to public commute gateways are also popular.
There has also been an increase in both nationals and over sea buyers buying properties in more rural areas. Over recent years the transportation service throughout Australia has been upgraded and many rural properties, with much cheaper price tags are now close to public commuting gateways making them easily accessible to major towns.
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.
Overall, with low interest rates, Government grants for first time buyers and realistic property prices, Australia has got to be your next investment destination. Take advantage of the warm climate and fantastic beaches and scenery and affordable real estate prices.