The media moguls and Marble kings will be heard of no doubt but this age is gallantly responding to its new poster boy- Property Tycoons. Real estate is where those with the right kind of money are getting the greatest bang for the buck. Nikki Taylor observes the trend in an article for the website Your Investment Property.
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Is Asian Investment In Our Properties Irking Us?
There can be no better phrase to encapsulate the Asian interest in Australian properties than the one Pete Wargent uses in his article for the website Property Update- “it is a subject receiving reams of coverage of late”. Is it all deserving coverage? Yes it is. After all, the foreign investment push, in no uncertain terms, has attained a noticeable proportion and China is playing really big with its disposable income.
Asians Eye Australia’s Prestige Market
A 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?
Reasons Behind the Property Investment Upswing
Australian property investment scenario is on an upswing, driving investment punters upbeat. According to the latest survey by Comm Bank, the country’s Real Estate picture looks green, reports an article on the website news.com.au. This has been largely possible through the fortunate merging of several positive factors.
Fixed Rate Loans May Still Be an Enticing Option
While writing a piece for the website realestate.com.au, Venessa Paech talks about borrowers’ growing penchant for variable rate loans. They are quite willing to shun off the lure of fixed rate loans believing that the ‘variable rate’ stuff will offer them greater benefits in the long run.
HIA Predicts 2014 Will Be Good For Housing Industry
Succeeding back-to-back years of decline, new dwelling commencements have got a spring in their stride this year. A Press Release on the website of the Housing Industry Association (HIA) quotes how the housing starts have enhanced by 11.7%, reaching a phenomenal 161,970 last year.
