Expatriates
Build Wealth in Australia
by Karl Kutner
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in property successfully anywhere in the world is largely about timing,
location and value. Why is now the right time and where is the right
place? Here are the reasons.
A growing number
of people living in the world are investing in Australia to take advantage
of the following:
The Aussie dollar
is at an all time low against the American dollar and the strong Pound
Sterling, consequently there is strong purchasing power for Expats and
UK residents in Australia.
Australia welcomes
foreign investment in real estate. Overseas investors can therefore
obtain the benefit of freehold title. To take advantage of this,
major developers such as Central Equity apply to the Federal Government
Foreign Investment Review Board to gain permission to sell their residential
apartments to foreign investors prior to releasing their development to
the public.
This means,
foreign investors can buy directly from Central Equity without the worry
of applying to the FIRB. directly from Central Equity without the worry
of applying to the FIRB.
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Due to
the Australian Dollar being at an all-time low against the US dollar,
property is extremely good value. Central Equity Ltd, Melbourne's largest
Inner City Developer, has a host of inner-city properties for sale. Permission
is already obtained from the Australian Government to sell to overseas
purchasers. Australia is a easy going country to live and so are the people.
Victoria has been voted, yet again, as the safest state in Australia. For
more information view the Central Equity website,
http://www.centralequity.com.au/index2.asp
or contact Karl Kutner at: kkutner@centralequity.com.au |
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There are only
two major markets in Australia, Melbourne and Sydney because of their population,
industry and commerce. In the case of NSW and particularly Sydney,
residential investment has been strong with purchasers paying significantly
higher figures for residential investments than for equivalent style and
location in Melbourne. Now many are focusing on Melbourne - taking
advantage of Melbourne's strong economy, lowest levels of unemployment
for 20 years. Also, major developers in Sydney have significant completed
stock for sale currently, as both local and overseas buyers recognize that
values maybe inflated particularly with the artificial influence of the
Olympics Games in Sydney. Previous Olympics Games cities have often seen
a drop of values, particularly inner city, after the games.
Of all the Aussie
markets, the other major capital, Melbourne is preferred for investment
at the moment and is often referred to as “the world’s most livable city”.
Melbourne is currently enjoying strong economic growth. For the fifth
year it has been recognized us Australia’s safest state capital it is also
known for its world class education institutions and business/commerce
focus.
Low interest rates
combined with strong rental demand and negative gearing are also compelling
factors to investors. Combined with the incentive of the recently
halved capital gains tax there factors have encouraged interest in investing
‘down under’.
Stamp duty
savings in Melbourne and the State of Victoria when buying off the plan,
unlike all other Australian states is typically between $5600 US (£4,000)
and $13,000 US (£8,000). Given starting prices for well located
brand new inner city apartments of $115,000 US (£85,000) with freehold
title, Melbourne is an excellent investor opportunity.
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are just some of the powerful reasons people are investing in Melbourne,
Australia today. Purchasers should always seek independent advice
for their own circumstances and verify all advice to their own satisfaction.
Central Equity,
Melbourne's publicly listed leading development company, will be holding
a Melbourne Property Expo in London on the 2nd, 3rd, and 4th of February
from 10:00am till 5:30pm each day. It will be held at the Boardroom, level
4 - Barbican Centre, Silk Street, London EC2Y 8DS.
Property briefings
will be at the same venue at 1:00pm and again at 5:30 pm on Wednesday the
31st January and Thursday the 1st of February.
For early information
click into Central Equity’s comprehensive website at www.apartmentsmelbourne.com
or ring Central Equity on Free Fone 0800 169 5287 or if you are calling
within the USA please call +613 4123 566 91 |
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