In Australia, the number of foreign buyers has doubled.

The number of international buyers interested in new property in Australia has doubled in the last two years, according to property professionals, with Queensland and Victoria reporting the most activity.


According to a survey by the National Australia Bank, property activity in the new property sector accounted for around 13% of overall demand in the second quarter, up from 5 to 6% in 2011. In Queensland, the figure was as high as 20%, and in Victoria, it was as high as 14.1 percent, indicating that these states "remain the preferred destinations for international investors." apartments


According to the Foreign Investment Review Board, Asian investors, especially from China, have been the main drivers.


"A variety of factors, including efforts to curb real estate speculation in China, diversification for Chinese property investors, and immigration potential," according to NAB.

According to the report, both international and domestic investors are interested in property in new projects.


"This is most likely due to factors like greater tax depreciation benefits associated with new land, possible savings from purchasing off the plan, and tighter rules for foreigners seeking to buy existing property in Australia," according to NAB.

In the third quarter, overall property market sentiment was down, but NAB was more positive. "According to the National Australia Bank, capital city house prices will rise by 3.1 percent in the year to June 2014 and 2.5 percent in the year to June 2015."


Investors Have Confidence in Commercial Real Estate Around the World.


According to the latest data from Jones Lang LaSalle, global real estate transaction volumes increased 11% in the first half of 2013 compared to 2012, indicating increased investor confidence in commercial real estate.

According to the company, global direct commercial investment volumes hit $114 billion in the second quarter of 2013, up 4% from the previous quarter and 9% from the previous year. This is the fifth quarter in a row that global commercial investment volumes have exceeded $100 billion.


"We expected that more capital will be allocated to direct investment in core property assets over the next two to three years, and this is now materializing," Arthur de Haast, lead director of JLL's international capital division, said in a statement. "Globally, institutional, private equity, and high-net-worth individuals are now regularly bidding on opportunities."


In the second quarter, transaction volumes in the Americas totaled $52 billion, up 39% from the previous quarter and contributing to the region's $90 billion total for the first half.

With a year-over-year growth of 50%, Japan led the largest global markets in the first half, followed by Germany (+43%), Australia (+10%), France (+6%), and the United Kingdom (+4%). China was the only sector to record a 20 percent decrease in transaction volumes in the first half.


"The volatility in equity and bond markets over the last quarter has contributed to the appeal of commercial property as an asset class," said David Green-Morgan, JLL's global capital markets research chief. "Unless the cost of debt rises significantly, it is only likely to have a minor effect on transactional volumes for the rest of 2013," according to the company. Commercial investment volumes are projected to stay between $450 billion and $500 billion for the last six months of the year, with overall yearly volumes exceeding last year.

Comments