What makes Australian property appealing to the South African market, aside from the Rand-Dollar currency hedge; it has a similar legal and banking system as South Africa, as well as English being their first language. With Invest Australia aiming to present offshore investments for between R4 million and R5 million in the bustling Brisbane area; we take a comparative look at what your investment in South Africa’s sought-after neighbourhood, Cape Town’s Atlantic Seaboard region, might be like in the current climate.
There is no denying that the global property market is experiencing a difficult period. It’s good to know that even in times of volatility, there is a safe place to secure your wealth and earn exceptional capital appreciation. Through research, we still believe that the Australian Dollar and property market has shown resilience and Brisbane is the key area that is outperforming other Australian property markets, especially the popular Melbourne and Sydney areas.
The Select Residential Property Group, Australian research experts offering cutting-edge research platforms to help enlighten property owners and investors, have shared their latest findings on the performance of Australian property. Their findings conclude with Brisbane having some of the best markets in the next three years, and top suburb property prices estimated to increase by approximately 23% – 25%.
Respectfully, Cape Town’s sought-after property market has for years seen great property price growth. Currently, a typical 4-bedroom apartment in the swank Atlantic Seaboard area can cost on average around R5 million and even more. With the Rand unpredictable and property currently considered a buyer’s market, this area, along other high performing areas are seeing less sales compared to other South African locations who are showing resilience in a tough market.
Through Invest Australia, we aim to bring property opportunities between R4 million to R5 million, which will ensure you experience exceptional capital appreciation. Furthermore, you will enjoy strong rental yields that will ultimately pay towards your investment costs and will have the benefit of the Rand-Australian Dollar currency hedge.
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