This year the property market is looking at some positive trends. With the Australian government choosing to make offshore property investment easier, they will be easing on lending and have also lowered the interest rate; South African investors will have a hassle-free process securing their wealth in Australia.

Growth across Australia

Despite the mixed emotions that will come after the recent natural disaster Australia has experience, the property market is still expected to rise above the ashes. We have been focusing a lot on Brisbane, but 2020 will see more cities throughout Australia turn around and experience a positive incline.  The former hardest hit property markets, Melbourne and Sydney, are expected to see a jump of up to 7% growth and more; Moody Analytics research reveals that these two areas will be the top performing housing markets in 2020. While Brisbane will continue to see steady growth. The ANZ Bank has forecast an overall property price increase of up to 6% in 2020, as opposed to their last prediction which was only 3%.

Relaxed lending

Leading money to offshore investors up to now has been restricted; the Australian government had tightened their lending with international buyers, especially the Chinese market, who made up approximately 30% of the offshore property investors. China’s government had equally put restrictions on investors moving their money abroad, thus making it a bit more difficult to invest in Australia’s property market. These restrictions slowed down the economic and property growth in Australia. There has recently been a relaxing of lending in order to generate growth and maintain a steady economic front across the globe.

Invest Australia will continue to introduce investment opportunities in growing and positive performing areas. Register your interest to be the first to find out about the property opportunities introduced, prior to public release.