Migration – wealthier Asians are continually migrating to Australia for the higher living standards, stable political environment & secure financial system.
Children’s education – overseas student placements are dominated by Asians. Many parents choose to purchase a property rather than rent for their child's accommodation needs.
Positive investor sentiment – Australia has a very good track record for property investment historically offering high rental yields, low vacancy rates & good capital appreciation.
New apartments & houses – these properties are easily purchased as developers will have prior approval from FIRB to sell to foreigners.
Existing homes – foreigners with temporary residence visas & after a 1 year period can purchase existing homes but must sell once the visa has expired.
Vacant land – can be purchased with FIRB approval but all land must be developed within 2 years.
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