NEWS
Australia has been placed at number one in a list of the best countries in the world for property investment.
A new international survey has found Australian property investment the best in the world. China and Japan also held top places on the list of the best countries for property investment in an annual survey of the investment intentions of the world's largest global real estate investors.
"A lot of investors are regularly getting on a plane to Australia this year. This was not the case a year ago,' said Robert Lie, co-director of the Asian Real Estate Association which conducted the survey along with the European Association of Investors in Non-Listed Real Estate Vehicles and the US based Pension Real Estate Association.
According to the survey 64% of fund-of-funds managers listed Australia as the preferred location, compared with 58% of investors and about 40% of fund managers.
The respondents expected the market in Asia, including Australia, to recover next year, with some expecting to see signs of recovery starting this year.
Source:The Australian Visa Bureau
Published: 07 July 2009
