Now's the right time to invest in Australian property says AIP / 10-09-2008
According to the company behind the new Australian Investment Property website, the Australian property market is invitingly out of step with the rest of the developed world. The company quote data released by the ANZ Banking Group that predicts the Australian housing market will be short by 200,000 dwellings by the year 2009/2010. As a result, the Australian property market is now running on a different cycle to Europe and America. Demand for luxury residences in particular continues to outstretch supply.
The Australia Investment Property website gives UK buyers unprecedented access to that fast-growing market. They offer properties ranging from AU$ 300,000 city-centre apartments to exclusive AU$ 5,000,000 dream homes from some of the country's most inspirational architectural practices. The company point to several other factors that increase pressure on the limited housing supply, not least of which is inward migration. The climate, the unique environment, and the quality of the country's social and cultural infrastructure make Australia the number-one destination for many emigrating Brits.
The fiscal climate is just as welcoming to investors who want to remain in Britain. The government encourages and supports foreign investment; it even maintains a tax system that works well for overseas investors. There are no restrictions on capital flows, profit remittances, and capital repatriation, or on the transfer of royalties or trade-related payments. There are also very few barriers to foreign firms seeking credit or loan facilities.
The squeeze on property is inevitably generating strong rental yields. The Australian market is tenant-neutral, which explains why the private rental sector is, according to ABS, the second largest source of housing in Australia.
The economy is clearly right for investment in Australian property. For those who want to dive in, Australian Investment Property offers a simple turnkey service. They filter properties according to your criteria, then handle all the admin on your behalf. It's a service that's as reliable as the Australian weather.
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