Before investing in anything, it goes without saying extensive research is required, especially when it is Offshore property investments that cost between R4 million and R5 million. When parting with such money, we understand that a lot needs to be considered, and therefore take a look at what makes Australian property a risk-free investment for the South African market.
Safe and regulated investment climate
Australia has a safe and highly regulated investment climate to protect their residents. To control foreign property investment, Australia has undergone implementing new laws to control the influx of non-resident property buyers. As a non-resident investor you would only be allowed to purchase new properties and not established ones, as well as pay an application fee. Invest Australia will be introducing property opportunities that meet these requirements and have been specially designed with non-resident investors in mind.
Furthermore, for investors looking to apply for a mortgage, Australia has a strong and effective consumer protection legislation through the National Consumer Credit Protection Act 2009 (NCCP Act). All of these protocols have been put in place to not only protect the country’s economy, but the investor.
Stable economy
The Australian GDP Annual Growth Rate has averaged at 3.30 % from 1960 until 2019. In 2018 alone, the Australian GDP was a steady 2.7%. While you won’t see huge strides in GDP growth, Australia has continuously maintained a steady rate of growth and shown resilience when other countries experience decreases.
Australia has minimal political, social, economic or national security instability, and as a result, the property market has a proven record of stable prices. Australia has seen consistent growth over the last 100 years with property prices doubling every 7 to 10 years.
As an investor, especially coming from South Africa, you want to know that your wealth is in a secure, and steady environment, and better yet, earning against a strong currency hedge. Invest Australia will be highlighting key property investments in growing regions, such as Brisbane. Register your interest to be the first to know of these opportunities and gain exclusive insight into the property market.
