We have had a number of enquiries recently asking us about opportunities to invest in the Australian residential market. Apparently the strong Australian dollar is not deterring many of our investors who are taking the view the currency will remain strong for the foreseeable future and it is great market to invest in for the future.
We have historically focused on the Perth market and whilst the residential sector there is in the doldrums at the moment due to soft demand, the prospects over the medium to long term remain sound. The Western Australian economy is driven by the resources sector and this should remain strong for the foreseeable future.
Student accommodation is a popular niche sector in the UK and whilst it has never enjoyed the same exposure in Australia, that doesn’t mean it isn’t an attractive option for overseas investors. Curtain University in Perth has over 10,000 overseas students studying there and there is a shortage of suitable accommodation for them. Four bedroom properties only ten minutes from the university and ideally suitable for students are available from only A$459,000. Now may be the time to buy when the market is down and rental demand is strong – the market there will recover in time and there will always be students looking for the right accommodation in the right location.