Real estate and property investment is one of the most lucrative industries to get involved in. Tacking on to your non-liquid assets and generating a passive secondary income are just a couple of the numerous benefits that investors gain from real estate and property purchases. Moreover, international property investment can bring about even more advantages and benefits for investors willing to take the leap of faith.
Australia has one of the strongest and most consistent real estate and property investment markets in the world. Through a combination of many favorable economic conditions and government support, the country developed a stable and profitable industry for Australians and foreigners alike. The country has a rich investment history and plenty of popular investment locations. However, there are some ‘involved’ projects and processes for foreigners.
Australia’s real estate market backstory
The Australian property market has a longstanding history of success and profitable returns on investment. Since the early 1900s, the industry steadily grew in value by 0.5% until the 1990s. Once the 2000s hit, the market saw a spike in growth and investments. According to the Australian Bureau of Statistics, the average property price index for a lot grew significantly from 2010 to around 2018. Fueled by globalization, trade relationships, and increase in foreign investments and interest in foreign property, Australia’s real estate sector started making a name for itself in the global market.
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