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Tuesday, 31 July, 2007

Benefits for an expat investing in Sydney

It has been proposed by Advisor Edge head of property research Louis Christopher  “Sydney prices should climb 10.5 per cent this year and a further 9 per cent next year” (Australian Property Investor June 2007).

There are numerous benefits for the foreign investor and expats to invest in this market while it is moving.

Based on the current upward trend in the property market and further evidenced by the increased auction clearance rates, property is going through a growth spurt.
For expats this creates a perfect opportunity to be part of this growth spurt, which is reinforced by an undersupply of rental properties and in turn acting as a catalyst for increases rental income potential for investment purposes.

Expats planning to return to Australia can benefit from capital returns by being part of this growing market.

For investment purposes these statistics are self-supporting however investing in a foreign country can be difficult for the simple reason that you lack complete and utter control over the buying process and accessibility to current market information from afar. 

Investing in property requires sourcing, researching and negotiating property information and requires accessibility to conduct inspections and valuations.

The benefit of utilising a buyer’s agent to a foreign investor is that they can outsource these necessities to professionally qualified persons who are educated in the property market and can make informed decisions in relation to the acquisition of a foreign investment.

 

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