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The
Propertybuyer

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Hear the latest weekly insights into the property market via podcast by Rich Harvey, CEO and founder of Propertybuyer.

 
Fri 29 Mar '24 with Rich Harvey How to build a $7 Million Property Portfolio from scratch
 
 
Sat 16 Mar '24 with Rich Harvey Why Invest in Melbourne?
 
 
Mon 26 Feb '24 with Rich Harvey Sydney’s Inner West – Hotspots and Outlook for 2024
 
 
Mon 12 Feb '24 with Rich Harvey Decoding Sydney’s North Shore Market – Outlook and Opportunities.
 
 
Sat 27 Jan '24 with Rich Harvey Home Buying in the Eastern Suburbs – A personal journey
 
 
Sun 7 Jan '24 with Rich Harvey Economic and Property Market Outlook 2024
 

 

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Breaking down barriers for overseas investors

November 17, 2014 / Written by Rich Harvey

 

By Rich Harvey, CEO, propertybuyer.com.au

It's not secret that Chinese property investment in Australia is thriving. Recent documents from the Department of Foreign Affairs and Trade show that the amount spent in Australia for investment by the Chinese totals just under $32 billion, and you can be sure that land and property forms a significant part of this.

However, for foreign investment in the Lucky Country there are some restrictions. Let's take a look how a buyers agent can help overseas purchasers secure an excellent property.

Getting the right profits

Recently, tax advisory firm KPMG has taken a close look at foreign investment into Australia - namely, the reasons for the strong Chinese investment here. They found that the main reason for this level of spending on real estate here was mostly, as you would expect, for profitability. And when you look at the value growth in places like Sydney over the last year, it's not surprising that we're a target for profitable purchases.

But buying into a foreign market can make it difficult to determine the most appropriate piece of real estate for investment, especially if you don't know the market fluctuations. As Australia's most awarded buyers agents, it is our job to know these details. We can aid foreign buyers and help them navigate the market, allowing some extremely profitable investing to take place.

Getting the right information

The KPMG report also identified a lack of information about Australia as a deterrent for potential Chinese investors. Sometimes, it's more a case of who you know than what you know - and if you get to know a buyers agent, you'll be well-set to make the right purchase.

Knowing where good infrastructure is coming in, the traffic flows, even the shopping areas that will attract the right kind of tenant are crucial to picking a good investment property. If you're unfamiliar with the local landscape, this can be difficult to ascertain. Fortunately, Property Buyer is well-versed in which homes suit which renters, and how to find them.

Getting the right land

When you purchase real estate as a foreign investor, there are only certain types you can acquire, short of getting a Significant Investor Visa. The Foreign Investment Review board states that someone without a visa wanting residential property can only buy vacant land for development, or a brand new building - second-hand houses are generally off-limits.

To find the right type of Australian property investment in this situation, including property not even listed on the market, it's vital to engage the services of a qualified buyers agent to make the right decision.

The Propertybuyer
Podcast

 
Fri 29 Mar '24
with Rich Harvey
How to build a $7 Million Property Portfolio from scratch
 
 
Sat 16 Mar '24
with Rich Harvey
Why Invest in Melbourne?
 
 
Mon 26 Feb '24
with Rich Harvey
Sydney’s Inner West – Hotspots and Outlook for 2024
 
 
Mon 12 Feb '24
with Rich Harvey
Decoding Sydney’s North Shore Market – Outlook and Opportunities.
 
 
Sat 27 Jan '24
with Rich Harvey
Home Buying in the Eastern Suburbs – A personal journey
 
 
Sun 7 Jan '24
with Rich Harvey
Economic and Property Market Outlook 2024
 

 

Listen to many more
podcasts on our
Podcasts page.