Saturday, 22 October 2016

Australian Real Estate: Is Turnbull’s Return Good News?

There are a number of effects that completely justify the re-election of the Turnbull government, and the Australian Property Market enjoys one of them. Not only the properties are hitting back the markets, the property markets are regaining investors’ trust as well. The interest rates are record low this time and investors are assured of the market to not to have any considerable negative changes.

But that doesn’t make everything fine and peaceful. The public is still concerned about the property market. Looking at the housing affordability and other similar issues, it seems the government still has a lot to work upon. Though in its last term it was a brilliant decision by the state government to appoint a minister for cities but in addition to that this time they need to appoint one to take care of all the overseas real estate market.

With mind-blowing foundation of more than eighteen million superannuation funds in Australia and employing almost every fourth Australian citizen, Real Estate market is certainly one of the largest markets in Australia. In fact, since the mining sector seems to be losing its pace, Australian Real estate can very well be called the backbone of country’s economy. Moreover, the residential real estate alone has its net worth of more than $6 trillion. Thus, it is important for the federal government to make more efforts to bring stability and calm to the property market in order to maintain the economy of the country. For more information on Australian Real Estate and other similar issues, feel free to follow us.

Thursday, 13 October 2016

Australian Real Estate: The Chinese Tale

There’s a whole new story to the existing boom in the Australian Real Estate. And this time the Chinese are to blame. A large number of Chinese buyers are planning (and looking as well) some permanent residences in Australia for the quality of life they find here.

There’ve been a lot of Chinese students that came to Australia for the education. But their course of stay during their studies fascinated them about the lifestyle they found here. As a result, these students who once lived in off-plan rented places just to complete the education are now looking for terraced houses to stay in Australia. Most of them belong to the group that came in 2012 for education. Now they have families and kids and are looking for proper residential properties to buy.
What adds to it is that these people are also reluctant to leave their current residence in Australia. Just for the safety of it, they are planning to keep their old rented houses so that in case of any tough competition by foreign investors they at least have something by their side.
But here’s where it gets troublesome for the locals. More Chinese attracted towards the Australia certainly brings more investment, but it also means less options for local buyers. The already existing shortage of preferable properties going to be even bigger due to the Chinese investors.
The Australian government has taken measures to bring foreign investment, but it needs to think about its people more and come up with plans more in their favor. For more information on real estate and property updates keep following us.

Tuesday, 4 October 2016

Australian Real Estate Attracting China

Australian Real Estate Attracting China
As a matter of fact, many countries around the world rely on China for their economy in spite of being resource rich themselves. Since the Chinese demand is getting lower gradually, it is a bad news for the economic strength of these countries. Australia was also about to be added in this list of unfortunates when mines were getting shut in China causing Australian Mine Workers to lose their jobs. But there was something else that interested the Chinese.
Australia’s appreciable education system and better living standards lured the Chinese to see a better future in the country. Thus, Chinese are ready to spend in Australia by sending their students to good Australian Universities, importing the Australian food and investing more and more in Australian Real Estate. In fact, since 2010, the Australian investment has grown up to ten folds. Sydney, Melbourne or any other big cities are having at least half of the next apartments owned by the Chinese. Comparing to the last year, this year the Chinese investment in Australian Real Estate has doubled. In addition to that, it has been triple to what it was in US last year.

With a dream of a better future in Australia, Chinese are more and more interested in Australian property which certainly good for the Australian economy especially in current times. Thus, China’s interest in Australian Real Estate is certainly a boon, unless of course, the whole China decides to shift to Australia which might cause some problems. For more information on this and other Australian Real Estate updates, keep following us.