Property in Australia used to be popular with British investors and also investors from New Zealand and the United States.
The economic downturn in these countries has led to a decreased number of investors, although recently the slack has been taken up by investors from the Far East, especially in certain areas of the country, which has proved very beneficial for the Australian property market as it has sheltered it from the worst of the economic downturn.
Australian property prices did decline during the worst of the downturn, but the news is getting a lot less gloomy and prices look set to rise as investment from overseas buyers returns.
The reason for this increase is because Australia is seen as a safe haven for investors who are looking for secure growth and who see huge capital gains to be made from buying into a depressed market.
The mortgage market for locals is difficult meaning that foreigners can easily outbid native buyers. Estate agents have been quick to exploit this trend with property exhibitions being arranged in major Asian cities.
There is little doubt that there are property hotspots around the country, especially in major cities where substantial investments into infrastructure are taking place.
The majority of the population live in the cities, and the capital of Perth is set to expand as massive construction projects are planned for this area, and also for Adelaide and other regional centres.
Foreign investment looks set to increase and the possibility of good returns looks set to continue especially while the more traditional markets of Europe and the United States remain in a state of flux.
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