Australia just became one of the top ten countries to buy real estate with inbound investments to increase sharply in 2021.
Australia’s rapidly recovering economy and geographic isolation are the main reasons international buyers are interested in the market, according to Savills’ 2021 global outlook.
Logistics, build-to-rent and central business district offices are key opportunities for investors “embracing disruption to protect existing portfolios” according to the report.
The findings from a survey of 120 global property investors, managers and family offices places Australia eighth among real estate investment destinations next year.
Top countries picks for international buyers in 2021
^Source: Savills IM 2021 Global Outlook
Of those surveyed 45 per cent expect that real estate investment will increase over the next 12 months, and 25 per cent expect investment levels to stay the same.
Savills global chief executive Alex Jeffrey said the top investment picks for Australia are the logistics sector, repositioning sub-regional shopping centres, CBD offices and filling mezzanine loan space gap.
“Our research shows that real estate investors are confident about 2021, and recent positive announcements about the availability of a vaccine could certainly accelerate the recovery, boost sentiment and help cross-border investments to flow again as more countries in AsiaPacific open up their borders,” Jeffrey said.
“The pandemic has clearly caused multiple disruptions in the economy and the commercial real estate markets.
“Nevertheless, in seeking new opportunities, investors should embrace the structural trends that have accelerated because of Covid-19.”
Those looking at locations for future investment and have also been attracted to the country’s growing regional areas.
Article Source: theurbandeveloper.com
from Queensland Property Investor https://ift.tt/3lP21gr
via IFTTT
