There are two parts to this question?
Why Australia? and why property?
For a wikipedia overview of the Australian economy
Australia is stable politically and is in sound economic condition. Even with the GFC Australia is one of the few countries that has showed economic growth. One of the main reasons Australia has come through the GFC so well is the massive mineral resources it has and there is an insatiable demand for growing economies such as China and India for these resources. In simple terms Australia is the sand pit for the world!!
Why property and residential property?
What does the Australian Treasury say about the Australian property market?
The old saying is everyone always needs a roof over their head. With Australia’s growing immigration and economic growth, property as a real asset is in constant demand. There is real demand supply imbalance. With Australia’s population growing at over 1% pa there is no sign of this imbalance being satisfied in the near future.
****Information only, not advice!!****
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