Population growth, repeatedly changing houses, lead the thriving on Australia’s real estate market. Guaranteed profit on real estate market.

According to Council for Economic Planning statistics, by the end of 2013, Taiwan’s population of 23.37 million expected to decrease to 17.57million ~20.47million in year 2060; contrary currently Australia have population of 23.42 million, will grow to 36.8 million in year 2061. Over the past 45 years, population grow is the main reason Australia real estate had double in value in every 7 years. In recent last 5 year, the most population growth city is Melbourne, average weekly increase of 1500 people.

Australians normally change 4~5 house in lifetime. Generally, Australian would consider to purchase a house value: NT $ 5.5 ~8.25 million when start working. When these people reached marriageable age, will consider to selling the original house, purchase a house value: 9.62 million. Until age of 40 ~50, they will consider to stay at house value: 11 ~13.75million or decide to have second property. When reach 70 years old, generally Australian people will sell out all residential and stay at elderly apartment. Vigorous of transaction, completed of legal law for property investment, low investment risk and high return rate. Now is the best timing to join Australia real estate market.

Executive vice president of TW House International Sdn Bhd Mr. Jeff Fang reminded, Australian government regulations state that, foreigners only can purchase pre-sale house. In other word, the property only can sell to natives in future. Therefore should consider from perspective of native when invest a property. There are some differences compare to Taiwanese:

1. Suburbs better than urban area: Westerners accustomed to differences from housing and office area. Normally they working at bustling city center, but they will away from the hubbub after working hours, take about 20 ~30 minutes to go home. When investment, should choose better location or near to train, it is easier to rent or resale.
2. Great demand of 4 room house:  Taiwanese prefer 3 room house, but in Australia, family tenant is most stable, a typical Australian family is form from 4~5 members (parent with two or three children). Less of 1 bedroom always lead to difficulty for rent.
3. Open kitchen: due to differences of cooking habits, Taiwanese more likely with isolated kitchen. But most Westerners enjoyed an open kitchen which connect to living room.
4. Normally there are more than 1 car in a family, more competitive if have double garage.

Mr. Jeff Fang said that, short term oversea investment focus on rental income, long term invest focus on value added. Is necessary to know native preference, to guaranteed profit from investment property.