Foreign investors continue to show high levels of interest in purchasing Australian residential property and land thanks to the country’s economic strength and stability, says Century 21 Australia.
Australia’s lifestyle, political stability and quality of life have helped to make Australian residential property highly sought after amongst international investors for a long time.
Century 21 expects this trend to continue this year as the economy continues to power along.
According to research from the Reserve Bank of Australia, Australia’s mining boom is expected to attract a large influx of foreign investment in local resource projects.
Additionally, a report from the Australian Bureau of Agricultural Resource Economics and Sciences recently stated that anticipated earnings from Australia’s commodity exports are expected to rise by 14 per cent to a record $251 billion in 2011 – 12.
These indicators and others suggest that the Australian economy should experience strong growth this year which will in turn attract international property investors.