Global Power | Local Knowledge | Uniquely Personal

Catering to middle-class Asians...

Catering to middle-class Asians can help boost property market

Making sure that middle-class Asian investors have all they want in Australia can help the nation keep its position as a top option.
Being able to keep Australia's property market as one of the top prospects in the world for those looking to buy in foreign lands will mean catering to those coming from overseas, a report has stated.

Deloitte's Positioning for Prosperity findings showed that making the sector attractive to foreigners could see the nation bring in some $250 billion (£138 billion) to the economy in the next two decades. 

It is thought that in the next two decades, Chinese investors will own more than half of all urban Australian homes, up from 14 per cent in 2012 - recently Australia was named as the second-most attractive area in Asia Pacific for foreign property.

And Deloitte partner Chris Richardson said it is vital that these investors are catered to by the nation as a whole.

“Our future prosperity will come from a more diversified spread of sectors, enabling Australia to remain the fastest-growing developed Western nation in the world in the coming decade,” he said.

“Asia’s boom is not ending. It is just changing and Australia is well positioned to exploit these opportunities especially in tourism, wealth management and food processing as we are a trusted brand

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.

Subscribe Now