Brexit may hold some positives for Australian real estate investors... Investors still chasing Sydney apartments: Meriton...
Brexit could make UK property the pick for Aussie investors
The decision by the British public to vote in favour of leaving the European Union may hold some positives for Australian real estate investors looking to make an overseas play.
With the British Pound having weakened against the Australian Dollar in the aftermath of the Brexit decision and some speculation of a possible correction for house prices to come, the United Kingdom may very well be a market for Australian investors to keep an eye on.
“It’s certainly something I’m going to keep my eye on. I definitely think there will be some opportunities there at some stage, but right now there’s a still a lot of uncertainty and a lot of things are still up in the air,” Todd Hunter, founder of buyer’s agency wHeregroup, told MPA's sister title Your Investment Property.
“At the moment there might be some opportunities at the higher end of the market where people just want to get out straight away, but for the everyday mum and dad investor it’s a market they should monitor for a little while longer before making any decisions,” Hunter said.
While global share markets dived following the Brexit result, Hunter said investors shouldn’t expect the property market to follow suit.
“You don’t usually see price corrections of 30% or 40% over night, outside of the GFC we haven’t really seen anything like that,” said.
Investors still chasing Sydney apartments: Meriton
Australia’s biggest apartment developer believes investor demand is still extremely strong for apartments in Sydney’s south.
Despite nearby suburbs such as Zetland, Waterloo and Green Square being home to a seemingly never ending supply of new apartment projects in recent years, developer Meriton is speeding up the launch of a major development in Pagewood.
Meriton this week announced that it is bringing forward the sales launch date for Pagewood Green, which at a cost of $3bn and consisting of more than 3,000 apartments to be built over the next 10 years will be the developers biggest ever project.
The sales date for stage one has been bought forward by several weeks to September, with Meriton founder Harry Triguboff claiming strong investor demand was one of the main reasons behind that decision.
(Your Investment Property)
The decision by the British public to vote in favour of leaving the European Union may hold some positives for Australian real estate investors looking to make an overseas play.
With the British Pound having weakened against the Australian Dollar in the aftermath of the Brexit decision and some speculation of a possible correction for house prices to come, the United Kingdom may very well be a market for Australian investors to keep an eye on.
“It’s certainly something I’m going to keep my eye on. I definitely think there will be some opportunities there at some stage, but right now there’s a still a lot of uncertainty and a lot of things are still up in the air,” Todd Hunter, founder of buyer’s agency wHeregroup, told MPA's sister title Your Investment Property.
“At the moment there might be some opportunities at the higher end of the market where people just want to get out straight away, but for the everyday mum and dad investor it’s a market they should monitor for a little while longer before making any decisions,” Hunter said.
While global share markets dived following the Brexit result, Hunter said investors shouldn’t expect the property market to follow suit.
“You don’t usually see price corrections of 30% or 40% over night, outside of the GFC we haven’t really seen anything like that,” said.
Investors still chasing Sydney apartments: Meriton
Australia’s biggest apartment developer believes investor demand is still extremely strong for apartments in Sydney’s south.
Despite nearby suburbs such as Zetland, Waterloo and Green Square being home to a seemingly never ending supply of new apartment projects in recent years, developer Meriton is speeding up the launch of a major development in Pagewood.
Meriton this week announced that it is bringing forward the sales launch date for Pagewood Green, which at a cost of $3bn and consisting of more than 3,000 apartments to be built over the next 10 years will be the developers biggest ever project.
The sales date for stage one has been bought forward by several weeks to September, with Meriton founder Harry Triguboff claiming strong investor demand was one of the main reasons behind that decision.
(Your Investment Property)
