What is attractive about Australian real estate to Vietnamese investors?
Possessing a sustainable economy and developed education, many Vietnamese choose Australian real estate with the purpose of buying a house for their children to stay while studying abroad or creating a highly profitable investment channel.
Australian real estate is attractive to Vietnamese investors
With ideal climate conditions, a stable economy, many job opportunities, and the world’s leading education and social security systems, more and more investors are choosing Australian real estate as a potential “investment” destination.
Not only that, Real Estate investment policies are also applied by the Australian Government equally to foreign citizens coming to work, study and live to encourage investment capital.
According to the 2019 Global Wealth Report of Swiss bank – Credit Suisse, real estate prices in Australia decreased by 13% since mid-2017 despite increasing by 75% over the previous five years. Even though the market is going down, Australian Real Estate still maintains its attraction to foreign investment capital thanks to the steady increase in apartment rental prices and the continuous improvement of project quality.
In March 2018, Vietnam and Australia officially signed an agreement to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), promoting a sharp increase in investment capital flows between Vietnam and Australia, while also opening more opportunities for Vietnamese investors to access the Australian real estate market. With the above factors, Australian Real Estate strongly attracts Vietnamese investors to learn, buy and sell.
Bankstown is the emerging star of Australian real estate
20 km southwest of Sydney, Bankstown (in the state of New South Wales) is considered one of the three largest capitals of Vietnamese people in Australia. Up to 12.7% of the population in Bankstown are of Vietnamese origin, forming neighborhoods and communities rich in Vietnamese identity.
Check out some real estate in Bankstown: Here
Bankstown accounts for 35% of the economic proportion of Sydney’s South West region and has grown strongly by 12.3% over the past five years. This city fully integrates modern amenities including educational facilities (Western Sydney University Bankstown campus, TAFE NSW Institute in Southwest Sydney), healthcare (Bankstown-Lidcombe Hospital), transportation system (M5 motorway, Hume highway, train station, Sydney Metro line), shopping and entertainment centers (85,000 m2 Bankstown Central shopping complex)…
In Bankstown, the population increases steadily at about 1.5% per year (about 2,382 households) along with the young population structure (residents aged 1-19 account for the largest proportion with 27%) are factors that make housing demand here hotter than ever.
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