Real Estate Investor Magazine South Africa April 2014 | Page 58

AUSTRALIA

BY ROGER HUDSON

Attractive offerings
The property market is appealing to foreign buyers

O

ne of the aspects of the current Australian
property market that is most impressive is
the Australian property market’s ability
to attract foreign property buyers, particularly those
from China - and Asia in general.

suburbs. They can also, at the press of a button,
pull up the growth f igures for the last year and
the last three, five and ten years as well as detailed
information on the rents being obtained and how
these, too, have grown.

The influx and influence of these buyers, especially
in the residential property sector, has been marked.

The tragedy of South Africa’s current situation,
is that we could and should be attracting a similar
influx of property investors from overseas because
at today’s exchange rate all South African prices

It has raised prices of prime urban properties
in a ll the major centres: Sydney, Per th,
Adel