Australian Land Prices Rising
Overseas Property News - Australia
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Research compiled by DSR Asset Management shows that land continues to be a sound investment.
Citing the Australian Housing Industry Association, Martin Foster, Risk Analyst at DSR Asset Management says that “we have seen a sustained increase in enquiries for our Australian investments in land over the past few months”
The Housing Association of Australia reported that the “cost of land across Australia is increasing” chief Economist Harley Dale said “an increase in median land prices in the March 2009 quarter poured further cold water on ‘doom and gloom’ assessments for 2009” .
This backs up the findings of DSR Asset Management who say that “although Australia is a huge country by U.K. standards, there is a lack of timely and adequate supply of land, buyers need to move quickly to secure the best plots.” Foster continued to say that DSR have identified two key factors influencing their increased level of enquiries.
Firstly, the Australian economy seems to be recovering well and is seen by investors as a save haven, well regulated and secure. Secondly the Australian Tourist Industry has not seen the down turn that was predicted back in 2006/7.
If considering purchasing land in a tourist area, prospective investors really are in a win-win position.“Australian tourism is undoubtedly a robust and flourishing industry, and is, as ever, a key influence in regards to the property market. If a property is located close to attractions, amenities and transport links then a healthy demand and supply imbalance will be in place – good news for those thinking of purchasing properties”
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About DSR Asset Management Ltd:
DSR Asset Management Ltd is an overseas property investment specialist, working directly with developers in more than forty countries. All properties are exclusive to DSR, giving an unparalleled selection of resale and new builds.
David Redfern is the director of DSR Asset Management Ltd an overseas property investment specialist. David works closely with developers in more than forty countries and oversees the DSR Education Programme which lectures individuals and organisations on property investment.
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