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Asians Eye Australia’s Prestige Market

prestige marketA large number of Ultra High Net Worth Individuals (UHNWI) are setting their sights firmly on the Sydney prestige market. In an article for the website Your Investment Property, Miriam Bell writes about the demographic shift of wealth and the greater role played by Asians in redefining world’s financial resources.

Lot of this wealth is flowing into Australian coffers and Sydney is surely an enticing prospect for Asian investors, especially so for the Chinese and South Asian investor fraternity. Sydney is a safe haven for Asians, what with its growing economy, its prime location, transparency and ebullient lifestyle.

Underpinned by low interest rates and lesser vendor discounts, the property market has really rallied well and its efforts reflect pretty well on the Prestige Market scene, too.

You can read the original article here.

Do you think foreign investment in real estate can be a trap for local investors?