Archive for the ‘Australian Real Estate’ Category
The Changes in the Australian Property Market
Before 2008 the laws governing ownership of property in Australia allowed only 50% of any Australian property to be owned by foreign, investors. However, in 2008 the Foreign Investment Review Board changed these laws allowing foreign investors to own a full 100% of Australian property. These changes saw a rise in more Queensland property investments from several foreign concerns.
What is the Draw of Australian Real Estate?
While this boom in foreign investors may seem a recent one, the fact is these investors have long wanted to take part in the Australian real estate market. Thanks to this new trend real estate agents Brisbane and real estate agents Melbourne have seen a steady flow of investors from several foreign countries. These real estate agents play an integral part in helping investors realize a healthy profit through well-placed Queensland property investments, the Gold Coast and Brisbane just to mention a couple of areas. The investment potential is definitely on a rise because of full ownership.
Who Are the Primary Investors?
While several foreign investors are jumping at the chance to invest in Australian property, the two main factors would be Russia and China. Between these two major parties approximately 76 million dollars was invested in the Australian property market, and that was only a short time since the law was changed, imagine how lucrative the future revenues will be.
Although China has been investing in Australia’s real estate market to sell house for a number of years, Russia is quickly catching up to China’s success thanks to the economic turns that have taken place in Russia over the recent years. As Russia’s middle class has begun swiftly growing, due majorly to the success that has been found in the oil and mining industries, expendable income is readily available for those who are looking for solid investments, such as property in Australia.
What Is The Dubai Connection?
The Dubai connection refers to a series of events that transpired which have helped to impact the Australian real estate market. A real estate crash took place in Dubai to be very closely followed by the change in the property investment laws. As a result many native investors were left in a lurch, but thanks to the change there was a new opportunity opened up for offshore investors. Thanks to the help of real estate agents Melbourne and Brisbane these investors have fantastic financial opportunities.