Foreign investment continues to grow

So following on from the Multi Unit Conference, another speaker at the event was Joanne Chin, formerly of Colliers.

Joanne spoke of the increase in FIRB purchasers, with some development projects showing sales as high as 40% attributed to foreign investment (average was 5%).

These purchasers were local students, overseas residents anticipating relocation and then also foreign investors.

Typically these purchasers were seeking projects in Northbridge, East Perth and CBD.

Joanne made the valid point that some projects in the CBD were ideally suited for overseas markets.

It is worth therefore assessing if your project meets this criteria, before entering into this marketing realm, as it can be a very expensive exercise.

Certainly food for thought!

PropertyESP is a research and analysis company that makes sense of property.  To learn more visit http://www.propertyesp.com.au

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PropertyESP is a group of property experts – analysts, marketers, PR people, sales experts – who understand Australia’s obsession with property and love to share that knowledge. At PropertyESP, we appreciate property and exploring what is being sold and how that is changing over time. We like to get behind the trends to see what people are buying and selling at the local level. We share our knowledge with our clients so they can make informed decisions when developing, buying and selling property. We believe that better understanding leads to better decision-making.

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