3 Reasons to Invest in Australia’s Strong Property Market

Australia’s real property market shows no signs of slowing down.

Despite comments from analysts saying the property boom is making it hard for people to make purchases for the same, recent trends in statistics from previous years show Australia is still a hotspot for property investing, both local and foreign. Foreign investment in residential properties grew to $17 billion a year in 2012-2013, up from $6 billion in the 1990s. For investors, this means there are numerous opportunities to prosper in this property boom. Before dipping into the market, however, you’ll want to be armed with as much information and resources as possible. Here are a few interesting facts and stats that make Australia worth investing in.

Uninterrupted Economic Growth

Australia’s economy is the 13th largest in the world, and it is currently entering its 24th year of uninterrupted annual growth. The country’s annual real GDP growth is forecasted to have a 3% average growth from 2015 to 2019. Adelaide-based property agents McGees Property explains that part of the economic growth is because of the flourishing tourism industry. Commercial properties, including hotels, motels, and other tourism properties are becoming hot commodities. Real property valuations, management rights, and leasing are also becoming in demand to support the economic and property growths.

An Educated Workforce

Australia has one of the most educated, culturally diverse, and skilled workforces in the world, with almost 40% of the group holding a tertiary qualification or advanced diploma. The labour force is expected to outperform other developed countries for labour productivity growth regarding GDP per employed person. For investors wanting to buy a commercial property, this means it’s easy to partner with knowledgeable property managers, employees, and industry experts.

An Ever-Growing Infrastructure Landscape

The country has a budget of $125 billion for spending on new infrastructure between 2013-14 and 2019-20 across the whole continent. Many infrastructure projects are in the pipeline, which means there’s a bigger area that is likely to experience significant capital growth. Those who own or invest in commercial properties will likely see their business prospering in the coming years, as business owners look for office spaces and people look for hotels and accommodations. With these and other prevailing conditions, there’s never been a better time to invest in Australia.