Asian investors are increasingly showing interest in Australian property, it has been claimed.
Korean investors in particular are believed to be looking to shift their assets away from that region's political tensions, with Australian property judged to be a good option.
A source told the Australian Financial Review that calls from Korean investors have rocketed over the course of the last few weeks but added that "they need a lot of hand holding" and "once they turn, they turn quickly".
Invesco is thought to already have mandates from Korea Life and Korea Post after opening an office in Sydney in 2012.
The strength of the Australian dollar may yet dampen the growth potential of any overseas interest in Australian real estate, a source warned the newspaper.
Rising house prices were recently singled out as one of the reasons why the consumer price index has risen the first quarter of the year by 0.4 per cent in Australia, up from a 0.2 per cent rise in December.
Posted by Craig Francis
