realestatebusiness logo
Home of the REB Top 100 Agents

Must Read

PM Tech Growth Sales Marketing Industry
Do you have an industry update?

Foreign investors to shape property market in 2014

By Staff Reporter
07 January 2014 | 8 minute read

International property investors will increasingly influence the Australian property market in 2014, according to a property research and investment firm.

“The influence of foreign investors purchasing residential property in Australia is having an increasingly pronounced impact,” Neil Smoli, managing director of Aviate Group, said in the company’s property market outlook for 2014.

“The relatively simple path for overseas investors to purchase property in Australia can be expected to come under further scrutiny, particularly given the falling number of first home buyers in the market at the moment.”

The report also pointed to larger-scale foreign investment and said this may help to keep interest rates low.

“Of particular interest will be the rumoured entry to Australia of certain major Asian banks, which could be expected to move aggressively into our market and potentially keep the rates offered by the major Australian banks in check,” Mr Smoli said.

Foreign investors to shape property market in 2014
lawyersweekly logo

Comments powered by CComment

Do you have an industry update?