Australian Housing Market Sees High

Demand from Foreign Buyers

POINTCORP Development

Level 2 'Oxley House' 25

Donkin Street

Brisbane, Queensland,

4101

Australia

+61 1800 773 779

Australia is a great place to call home, and there are many reasons to prove it. It is one

of the world’s most desirable places to live in. From the big famous cities to the small

towns, the country has many great things to offer.

Recently, though, many people’s attention was focused on the country’s booming real

estate market. Industry experts believe that Australia has become an even better venue

of opportunities due to its economy’s continuous growth.

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Bulk of Overseas Demand

The appeal of Australia’s housing market is

now global, as the country continues to

see an increase in demand from foreign

homebuyers. Recent data show there is a

steady growth in the approvals of home

purchases, with one in six new homes sold

to an overseas buyer. The rising demand

for apartments and other residential

properties surged in September. So far,

many industry experts expect to see the

growth to rise further next year.

As a result, real estate experts are

forecasting house price growth of at least

4 per cent. Brisbane and Sydney lead the

market this year, and many are hoping it

would continue the following year.

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Appetite for Luxury Homes

Many people love to stay in Australia, be it a constant traveller, a photographer or a

journalist. Sydney, Melbourne, Brisbane and other Australian cities do not just provide

fun and relaxation. The country offers great work and business opportunities, which is

why many people move here, especially foreign homebuyers.

The latest statistics reveal that more and more foreign buyers are flocking to the

country to buy property. The current total demand is nearly 17 per cent, and those

numbers appear to increase in the next quarter.

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The reason for this demand is the pursuit

of a posh lifestyle. Many foreign

homebuyers look for apartments that offer

stunning views and first-class amenities.

They aim for houses with high standards of

privacy, comfort and unparalleled luxury.

Australia’s trendy and modern residential

properties fulfil a buyer’s desire.

Foreigners who are eager to live in the

country believe that Australia has it all: a

calming climate, high quality of life, great

work opportunities, strong economy and

homely ambiance.

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Resources:

http://www.pointcorp.com.au/brisbane-apartments/3-bedroom/

http://www.smh.com.au/business/property/one-in-six-homes-bought-by-foreigners-

20141015-116mc5.html

http://www.usnews.com/news/articles/2012/08/15/australia-canada-home-to-worlds-

most-livable-cities

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