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Investing in Australian Properties
There are many investment opportunities available for locals and foreigners alike in Australia. Real estate is the number one. It has been a route to wealth for many people. Aussies love the idea of buying their dream home in the sun, spending some holidays there, and then converting it into a cash cow in their old age. Some others purchase property for investment reasons alone, flipping and selling it at a higher price or turning it into a source of rental income.
Why are they buying properties and why should you follow suit?
Australia boasts a landmass equal to that of America but has only a tenth of the latter’s population. This leaves large areas of lands available for development. In addition, multiple unit development projects, as well as family homes, rural properties and commercial development, are on the planning stages. The government is also opening its doors to offshore property investors who passed the Federal Investment Board Review, which is not difficult to pass. All of these set the country’s investment property market for growth in the years to come.