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Australia draws most retail inv...

Australia draws most retail investment in Asia Pacific

Office spaces in Australia draw more foreign investment than any other Asia Pacific country.

Australian retail property has attracted the most investment out of any country in the Asia Pacific region.

Research from CBRE showed that Australia's offices were the most significant draw over the 12 months up to June 2013. Meanwhile offices in Japan and Hong Kong were the second and third areas in the Asia Pacific where people looked to invest.

In fact, more properties were bought by foreign investors rather than Australians themselves.

The Australian reported, at the annual CBRE Market Outlook breakfast head of global research Nick Axford said the country has a better risk-return profile and prices compared to other countries in the region.

It isn't only commercial property that has attracted attention from foreign investors either. Research from Juwai, reported by Property Observer, shows Chinese buyers spent $5.4 billion in the financial year 2012/2013.

With Australia situated close to China and property finances at a low, due to interest rate cuts, many find that now is a good time to emigrate.

Posted by Craig Francis

All information provided is of a general nature only and does not take into account your personal financial circumstances or objectives. Before making a decision on the basis of this material, you need to consider, with or without the assistance of a financial adviser, whether the material is appropriate in light of your individual needs and circumstances. This information does not constitute a recommendation to invest in or take out any of the products or services provided by SMATS Services (Australia) Pty Ltd or Australasian Taxation Services Pty Ltd.

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