"Golden opportunity" for Vietnamese real estate investors in Australia
Drawing strength from the Kangaroo land
Australia is known as the most livable country in the world with a high GDP per capita and ranks 3rd in the human development index. Melbourne and Sydney are the two most populous and vibrant cities in Australia. After a long period of difficulty due to the pandemic, house prices in Melbourne and Sydney are tending to increase again. House prices increased the fastest at 5.3%/ quarter and Melbourne grew slower at about 0.4%.
According to assessments of real estate professionals, Sydney and Melbourne will be more potential areas to invest in, because the price growth rate of housing in this area is slowing down. Furthermore, Melbourne is the city with the highest population density in Australia, with the second highest population in Australia, after Sydney. Combined with high residential demand, house prices in Melbourne are expected to increase rapidly in the near future. This is the strongest increase since 2021, after a series of consecutive quarters of decline.
Australian real estate is a place with great benefits for Vietnamese investors
It is easier to enter Australia from some types of Australian visas that allow you to apply for an Australian permanent resident card, so owning real estate in Australia is one of the important factors to help you get these types of visas easier. Therefore, buying a house will bring more investment benefits than renting a house. Renting a house in Australia is becoming more difficult as the supply of apartments for rent is decreasing, while the demand for house renting is increasing. Therefore, renting a house in Australia is considered expensive and does not bring investment potential.
On the contrary, tracking the general market price, house prices in Australia are more stable than real estate in other countries and tend to increase steadily thanks to government policies that strive to maintain the stability of the Australia real estate market that is not affected by global upheavals.
