Those looking to invest in Australian property may want to analyse the commercial property market as this holds many opportunities, an expert has suggested.
Colin Dyer, global chief executive at Jones Land LaSalle, has told Prime Site that the world economy will strengthen, albeit unevenly, throughout 2011, the Courier Mail has reported.
"I don't think the description of being cautiously optimistic is right any more. They are getting their confidence back and are more optimistic as months go by," he explained.
Mr Dyer said that this is being shown by the growing number of commercial property investments being made in Australia and Queensland.
Key areas that investors should consider are the Brisbane central business district, he advised, highlighting the quality of the buildings and the modernity of the area.
For those looking at investing in residential property, Melbourne may be a good choice after the Economist Intelligence Unit picked the city as one of the best to live in worldwide, praising its infrastructure, healthcare and stability.
Posted by Craig Francis
