subject: Australia Proves Popular With Asian Investors [print this page] Australia Proves Popular With Asian Investors
Recent data released by CB Richard Ellis (CBRE) places Sydney among the top 5 global destinations for commercial property investors. Property in London dominates the global market attracting just over a quarter (27%) of all cross regional investments during 2009 and the first half of 2010. Although well behind London's leading position, Paris, New York, Sydney and Tokyo are close followers for the top 5 positions.
According to Rick Butler, CBRE Senior Managing Director of International Investments, "Australia has the rare combination in the world at the moment of stability and transparency which is coupled with a strong economic outlook". Mr Butler notes that while European investors continue to be a strong presence in Australia, Asian buyers represent over half (57%) of all the international investors in commercial property.
Asian investors are also reaping the benefits in the residential sector with particular strength in the Queensland and Victorian property markets. While the Global Financial Crisis has slowed investment from Britian and the USA, Asian investors are recognising the combination of strength in the Australian economy, high rental yields and solid capital appreciation.
The mix of investors from Asia is changing according to the Foreign Ownership of Land Register annual report for Queensland. While the 1990s saw dominance by investors from Japan and Singapore, currently China, Singapore and South Korea are exerting economic force throughout the market.
ParkTrent specialises in creating property investment opportunities in Australia and overseas. With offices in China, India, Russia and the United Arab Emirates, ParkTrent makes investing in Australian property easy for international investors.
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