Australia



The Australian economy is performing well compared to the rest of the western world, with the mining and the financial and insurance services making great contributions to the growth of the economy. Australia hasn’t had a recession since the early 1990s. Housing markets have no collapsed following the financial crisis and the national unemployment rate remains at low levels.

The increase in population and the highly centralized nature of the Australian population creates significant demand for housing particularly in the more desirable areas closer to city centres.

Investment activity may continue to improve on the back of recent falls in home values, lower mortgage rates, rising rental rates in certain areas, a limited supply of prime grade assets, the weakened Australia dollar and the subsequent improvement in rental returns and the equities markets.