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Why invest in overseas real estate: how to judge whether buying a house in Australia is suitable for you
The overseas market is familiar to everyone, and more and more people go abroad to find new wealth growth points in the overseas real estate market. Among them, the Australian real estate market has been particularly welcomed by domestic consumers in recent years, and even real estate coffee has turned its attention to Australia. Last year, Wang Jianlin, who expanded the territory of cultural tourism on a large scale in China, planned to build a large-scale theme park comparable to Disneyland and Universal Studios on Australia's Gold Coast. It is said that the project cost will exceed 654.38 billion yuan. In addition, Poly Real Estate, China Ping An, Evergrande Real Estate, Country Garden, Greenland, etc. Australian real estate has been laid out ...
When it comes to specifics, we should not look at marginal factors such as living environment and social welfare according to personal preferences. The key to determining whether a market is worth intervening depends on economic development indicators. In the past 2 1 year, Australia's GDP has been growing positively, which has laid a solid economic foundation for the sustained and stable development of the real estate market. Even when the financial crisis and the subprime mortgage crisis have a great impact on the global market, the impact on the Australian domestic market is very small.
Therefore, the development of its real estate market has been in a steady upward trend. Why can the Australian real estate market have such a good development momentum and the ability to resist the downward pressure of the market? We can analyze it from the following three aspects: as far as employment opportunities are concerned, the first thing that comes to mind are two famous capital cities with a population of over one million-Sydney and Melbourne. Sydney is the economic, transportation, trade and cultural center of Australia. It has one of the best seaports, and its industries are mainly oil refining, machinery manufacturing, chemistry and textiles. There is a developed railway network and highway network connected with the vast mainland. The huge employment opportunities and talent market have attracted immigrants from other cities in the world and from China. By the end of 20 15, the population of Sydney has reached more than 4.8 million. Melbourne has more than 4.4 million residents, and Australia's local population growth rate is already the first among the top 20 countries in the world; With the increase of population and the strong demand for housing, the housing market price rises.
For the active real estate transactions, on the one hand, there is strong local demand; On the other hand, the continuous influx of immigrants has greatly increased the demand for housing. Because the supply of new houses is limited every year, and the newly-built commercial houses can't keep up with the growth of effective demand every year, the above gap is widening and the long-term housing supply is insufficient, which leads to very active housing market transactions; At the same time, the government's housing policy encourages people to borrow money to invest and spend in advance, so it is natural for house prices to rise. As far as capital leverage is concerned, the low interest rate of bank loans has greatly improved the affordability of investors. The loan interest rates of various financial institutions and banks in Australia have hit a new low in Australia in the past 60 years. The ultra-low mortgage interest rate of two-year fixed loans introduced by some banks has greatly stimulated the enthusiasm of buyers for entering the market.
Based on the above three aspects, it is reasonable that the Australian real estate market can still maintain a reasonable value range in the current global market downturn. In addition, from the perspective of the types of properties purchased, apartments and villas have obviously become the types of overseas properties that high net worth people like. However, due to the investment threshold, policy risks, large fluctuations in returns and buyers' unfamiliarity with the local economic environment, commercial real estate accounts for a very low proportion of overseas real estate types. It can be seen that residential real estate is more favored by high net worth people because of its stability.
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