Australia is a country that has attracted expats for a number of years, for a wide variety of reasons. It has a vibrant economy that barely noticed the last recession and continues to go from strength to strength.
It is of course much more than a place to go and seek your fortune, Australia is a vast county, indeed it is a continent in its own right.
The major cites lead the way as you would expect with Melbourne, Perth and Sydney having exceptionally strong property sectors. However there is an increasing number of expatriates especially early retirees who are heading for more rural property in Australia.
Investment property in Australia continues to show strong growth, as many economic migrants have little option but to rent a property in Australia when they first arrive. This of course keeps rent very high in the cities offering great rewards for the savvy investor.
Holiday property in Australia is naturally centred around the coastal cites and some of the more famous beaches, but good rental returns can also be found for an increasing number of more adventurous tourists, that want to explore the bush and the Northern Territories.
Home ownership in Australia is very high and remains aspirational to those Australians who don’t yet own there own property. Single family home ownership however has a relatively small ownership rate for overseas property buyers, although this looks to be accelerating over the last few years.
Australia offers a good standard of living, a diverse climate due to its size and a very stable economy and political system, therefore it is easy to predict a steadily climbing property market in Australia.