Tag: real estate investing

Australia in 2021 – Tourism and Investment

Australia in 2021 – Tourism and Investment

Posted on by cheekcheekgi

Australia in 2021 – Tourism and Investment

There’s Nothing Like Australia, highlighting some of the very best attractions and experiences Australia has to offer. Prime Minister Scott Morrison has announced that, starting on 1st of November its international borders will reopen back to the rest of the world. In New South Wales (NSW), which has reached over 80 per cent vaccination rates. “Fully vaccinated Australians and permanent residents arriving in NSW will be able to home quarantine for a week, instead of paying thousands to quarantine at a hotel for a fortnight.” This is not only a great news for the people of Australia but also great news for you. More than its best attractions, Australia is great place to invest your money. Here I am going to tell you why and how we should look at Australia as an investment opportunity There are two main reasons to buy real estate in Australia (either for immigration or investment purposes). 
  1. Buying real estate in Australia will allow you to invest in a piece of the “Australian dream”!
  • Property investment is common around the world, but Australia has a unique opportunity for investors due to the housing market proven to be stable and highly valued over the years. That is due to strong demand from buyers of both domestically, and internationally. 
  • When you buy a real estate property in many other countries, you do not get the chance to own a land and house 100% fully 
  • Australia has been a nation of immigrants since its founding and has become a tolerant and multicultural society with an absolute rejection of racial discrimination and is considered one of the safest countries worldwide due to low crime rates and efficient police forces that contributed to its peaceful society that led to an influx of international migrants in recent years.
Example:  Referring to article (Past, Present, and Future of Australian Economy), Australia had experienced a continuous economic growth and had not experienced recession in over 29 years. As one of the strongest economies among the developed economies, it has attracted many foreign buyers into the real estate property market. You may be wondering why you should invest in foreign properties, especially given the high cost of real estate in Hong Kong. By owning a property of you own, you can travel to Australia for work or retire in the future. 
  1. An unique investment opportunity recently emerged called “National Disability Insurance Scheme (NDIS). The project was introduced by the Morrison Government which was passed in its latest Government Budget Stimulus Package. The purpose of this project is to provide affordable housing for local disability Australians. The Australian government is proposing a guarantee rental income of approx. 7% to 8% per year for at least 7 years.
See image below: Interest rates are at all time low right now in Australia, for example you can apply for a fixed-rate loan for investment that generates a guaranteed income over a set number of period. If you are looking into real estate investing for a way to make money, Australia is one of the best places you could choose.  The country offers excellent opportunities for property investment because of its booming economy and relatively low tax rate. To learn more about investing in Australia, contact me today!  admin@ryanmow.com #australiatourism #investinrealestateaustralia #realestateinvesting #investmentproperty #realestate 
Australia Miracle Growth Economy

Australia Miracle Growth Economy

Posted on by cheekcheekgi

Australia “Miracle Growth” Economy: A Look at the Past, Present, and Future of The Australian Economy

Over the past 30 years, Australia has been one of the most successful economies in the world despite the global financial crisis of 2008-09 and record low-interest rates. The Australian economy, and its working population, have grown steadily since World War II to become one of the largest in the world. A remarkable achievement for a big nation to have enjoyed a continuous 29 years of economic growth without a recession is widely referred as a “miracle”. The economy was able to create over two million jobs with a small population of 25 million people and build up a pool of US$1.3 trillion in household wealth. This signifies the stability and ability to keep growing, despite all odds and challenges placed before it.

 Currently, the Australian economy is the world’s 12th largest and the 5th Fastest-Growing economy in the World by nominal GDP. Australia’s economic growth rate of 3.7% in 2013 was faster than any other OECD nation and one of the “Four Asian Tigers”. Its GDP of more than US$1 trillion ranks 8th in the world. Australia has a per capita GDP of about US$44,200, which earns it the 14th position on the list of countries by per capita income. It is also referred to as a “newly-industrialized country” as it has transformed from an agricultural-based economy to one based on manufacturing, services, and mining.

 Australia has been a popular destination for millions of migrants since the turn of the century. According to figures, Australia is home to around 25 million people. The top migrants in Australia are India and United Kingdom, who are also the most likely to obtain Australian citizenship. The country’s unemployment rate hovers around 3-5%, which means that there are still more jobs available in the market. While consumer prices continue to grow at a slower pace than other countries in the region. Authorities have managed to keep inflation under control while ensuring economic growth remains strong.

 Real Estate Market

The past 10 years have seen the real estate prices of Australian homes rise to what has been called “crazy” numbers as property prices in Australia have increased by a staggering amount. In 2007, the average house price was approx. AUD$386,929. In 2016 that number rose to a whopping AUD$706,821 – an increase of almost 100%.

 For example, in Sydney, the median house price has shot up by more than 80% since 2009. In Melbourne, it surged by more than 90%. Even in Adelaide, which is widely regarded as the most affordable capital city in Australia with a relatively low cost of living, house prices have also risen at an average rate of 20%, outpacing wage growth over this period.

 If you are currently a resident or an expatriate living in Hong Kong and looking for offshore investment opportunities. Australia should be one of the prospective markets on your radar. One of the main benefits of real estate investment in Australia is that you have ability to own 100% both land and houses in Australia. Among all the developed countries in the world Australia allow foreigners to fully own houses and land legally provided that they have passed the Foreign Investment Review Board (FIRB) that “examines proposals by foreign persons to invest in Australia…” Foreigners are allowed to own houses and land entirely provided that they obey certain laws set by the government.

 If you are interested to learn more about investing in Australia, you can act now and contact me at admin@ryanmow.com to discuss further.

 Source:
https://www.bloomberg.com/news/articles/2020-06-03/australia-economy-contracts-as-end-to-recession-free-run-looms

https://www.aussie.com.au/plan-compare/property-reports/25-years-of-housing-trends-property-market-report.html