The Promise of Australian Real Estate Market
Australia is one of the most dynamic economies in the world. Exotic landscapes, a liberal government and a keen focus towards human development are what sets the land of adventure apart from other nations. With strong global ties, a stable government and a multicultural environment, the land down under offers exceptional opportunities and growth to investors. Australia’s land size is close to that of the United States, it is reported to have only a tenth of the population in comparison, which leaves an open array of land acquisition options for an investor. The Australian property market is also a low risk market due to the country’s resilient financial systems and development. Krypton explains 6 primary benefits of procuring real estate in Australia: 1. Reliant government and policies: The Federal Investment Review Board (FIRB) regulates foreign real estate investments in Australia by maintaining a balance between keeping the Australian real estate market foreign investor-friendly and protecting the country’s interests. Australia’s government is globally known for its policies and tax benefits for national and international investors alike. Once the FIRB has allowed access to an investor, a foreign buyer will retain the same rights over the estate as compared to a native Australian. The Federal government also invested an impressive A$ 10.3 billion towards innovation and research in 2017-2018. 2. Consistent economy: For the past 28 years, Australia has continued to grow at a rapid speed. The International Monetary Fund (IMF) has recently published a report which suggests that by 2023 Australia will outperform all the other major economies of the globe. Australia has also ranked 5th in 2019 with an economic freedom score of 80.9 making it a beacon of economic freedom. As a business owner and investor, the stable economy of the country provides consistency in investment performance. 3. Growing population: The country of Australia has seen a sizable increase in its population in the last few decades. According to a report, Australia will see a demand for 620,000 households before 2030. The impending future demand for residential accommodation will directly affect real estate pricing. Property value and rates are predicted to see a major hike in the next two decades. According to a publication by INSEAD, the country is the 4th smartest in the world based on the openness to immigration and skills. Australia’s growing population is especially beneficial for investors looking to increase rental yield. 4. Booming industries and workforce: Mining, energy, education, tourism and financial are some of Australia’s strongest economic sectors. According to the US Department of the Interior’s 2018 Mineral Commodity Summary, Australia has the largest gold reserves worldwide which put the country at par with its competitors, allowing regulation of wealth between industries. Aside from highly developed industries, Australia’s population consists of a diverse and active workforce. 53% of Australians are of working age with most of them from multicultural backgrounds. Human resources are one of the biggest assets of the country. 5. Strategic connectivity: Australia may be considered to be a land on the edge of the map, however, the country has excellent trading links all over the world, especially Asia and is considered to be a median between the Eastern and Western businesses. The country’s unique location also allows commerce to continue between other countries, being connected via water and air transportation. Being in the Fair Trade Agreement with The Association of Southeast Asian Nations (ASEAN), Australia has ongoing trade with Chile, Brunei, China, Hong Kong, Japan, Korea, Malaysia, Singapore, and Thailand. 6. Vibrant lifestyle: Aside from being an understated economic leader, Australia is also home to vibrant art districts and beautiful architecture. Australians enjoy a liberal lifestyle, balancing between outdoor activities and sports while immersing themselves in a bustling multicultural metropolitan lifestyle. Multiple ‘livability’ rating platforms have included Australia’s Melbourne, Sydney, Adelaide, and Perth as the top cities to live in. Australia’s natural beauty is a luxury that is marveled over by its citizens and visitors alike. How beneficial is an investment in Australia? In 2008 when economy giants like the UK and USA faced a drastic fall in the real estate market, the Australian market continued stably and observed a rise in the market. Real estate in Australia has seen an annual 7% growth in the last 40 years. Both the UN’s Human Development Report and Economist Intelligence Unit’s quality-of-life index prove why Australia has been globally bestowed with the nickname ‘The luck country’. In 2018, Australia reported having a 2.7% GDP growth in 2018. Real estate in the country is predicted to flourish alongside its economic growth. Interested in learning more about investing in the Australian real estate market? Get in touch with us at [email protected] to set up a consultation on investing in Australia.
Why is Melbourne most favored for Australian Investments?
Australian Investments in Melbourne! Melbourne -Australia’s heartbeat and the World’s Most Liveable city for the past 7 Years. But what exactly makes Melbourne the consecutive Winner? Besides, why are we so enthusiastic about making the Melbourne Square Properties a part of Krypton Properties? Well, let’s see how alluring you find Australian Investments in Melbourne to be! Global Events Capital Australian Open Tennis Grand Slam, Melbourne F1 Grand Prix, Melbourne Fashion Festival are some high profile Global Events hosted in Melbourne. Can you estimate the fan base for these events? 2.7 Million International visitors ANNUALLY!, bringing in a $ 7.1 billion economic boost to Melbourne City. Who wouldn’t chase Melbourne Square for Australian Investments? Apart from these amazing statistics, the proximity of Melbourne Square to Port Phillip Bay and Port Melbourne Beach allows for stunning, uninterrupted city and bay views. The Crown Casino, an Entertainment Complex- of 55 lac SQ FT, THE largest in the Southern Hemisphere brings to the residents a host of amenities including retail, gaming, hotels, cinemas, etc. Vibrant Impeccable Liveability! Educational Excellence Australia ranks as the third most popular educational destination after the U.S. and U.K. One of the major reasons being the fact that Australian Graduates are most sought after due to their impressive international reputation. Melbourne is renowned as a city of educational excellence being the land of prestigious Primary and Secondary schools and World-class Universities. Australia’s highest-ranked Universities: The University of Melbourne, RMIT University, Victoria University are all in proximity to Melbourne Square. If you are keen or know someone who aspires to pursue further education from World-renowned Universities then investing in Melbourne Square could be a very wise decision indeed! We at Krypton can also guide you through the Migration process with our Advisory services straight from experts holding 10+ years of experience. Dynamic Lifestyle With the evolving face of Southbank, there is a dynamic lifestyle that is anchored to Melbourne’s population. Melbourne has a crucial role to play in arts, fostering creative experimentation, promoting participation and connecting art to people in the Heart of the city. Melbourne is capital for Cultural and Artistic souls. The Victorian Government has committed $208 million to redevelop Melbourne’s arts precinct in Southbank. This support comes from the fact that Melbourne’s creative industries inject $22 Billion into the economy annually. Alongside, $231 million is budgeted to redevelop major sporting venues including the Etihad Stadium. A community with such dynamism will make the city worth living and its sights worth seeing! Capital Appreciation While we have seen all the Liveability and Excellence factors of the Melbourne Square properties; we would like to brief you with What’s-In-It-For-You factors with these Australian Investments. Firstly, you will quickly start earning a Rental Income of 5.1%* as the suburb has substantial retail, restaurant, and entertainment precinct to offer all of which bring an accelerated demand. Secondly, you will be securing your child’s future by investing in a hub full of Educational, Occupational and Growth opportunities. Thirdly, these properties have the Largest Terraced, Sky High residencies in Melbourne which are designed by an internationally awarded Design team. With unmatched property benefits like these; you can experience a substantial Capital Appreciation while investing with Krypton Global Consultants LLP. Luxuriant Gateway We are keeping high Melbourne’s badge of being “Australia’s Most Sustainable City”. Rising above an expansive 3,700 m2 park located right across the Yarra river; Melbourne Square offers a Verdant Gateway to the city. Adding further to its charm are The Royal Botanic Gardens, Queen Victoria Gardens, Alexandra Gardens and Albert Park bringing 340 hectares of open space. Moreover, it offers unrivalled World Class amenities ranging from Indoor Swimming Pools, Golf Simulator to Gyms, Cinemas, and Lounge and Spa. With a flawless property like Melbourne Square for Australian Investments; your soul will surely be contented. MELBOURNE SQUARE, ONE OF MELBOURNE’S LARGEST MIXED-USE URBAN PRECINCT IS NOT JUST DEVELOPMENT BUT ALSO A STORY ABOUT WHAT MAKES THIS UNIQUE- THE ARTS, CULTURE, RESTAURANTS, CAFES AND NATURAL HABITATS.