In addition to its white sand beaches and laidback lifestyle, Australia’s remarkably robust property market has long been a draw card for international buyers.
And the good news for United States citizens is that entering the market is relatively easy, and has many advantages beyond simply diversifying your investment portfolio.
Why Australia?
Stability Legislation and the Australian Prudential Regulation Authority (APRA) ensure that banks lend responsibly, reducing the likelihood of real estate bubbles. Australia’s population growth is outstripping the construction of new homes, creating a lack of supply and supporting prices.
Ease There is no need to set up a company in order to purchase Australian property. Obtaining government approval to purchase newly built dwellings is relatively cheap and easy. The National Consumer Credit Protection Act 2009 provides robust safeguards.
Choice There is significant apartment construction taking place in most major cities. U.S. citizens can also purchase commercial property, including farms.
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