{"id":44534,"date":"2022-04-13T14:13:35","date_gmt":"2022-04-13T06:13:35","guid":{"rendered":"https:\/\/www.iqiglobal.com\/blog\/?p=44534"},"modified":"2026-01-09T16:10:04","modified_gmt":"2026-01-09T08:10:04","slug":"foreign-investor-appetite-for-australian-commercial-property-grows","status":"publish","type":"post","link":"https:\/\/iqiglobal.com\/blog\/foreign-investor-appetite-for-australian-commercial-property-grows\/","title":{"rendered":"Foreign investor appetite for Australian commercial property grows"},"content":{"rendered":"\n

Daniel Ho<\/a>, Juwai IQI co-founder and group managing director and The Property Tribune<\/em> contributor<\/a>, said the demand for residential real estate was down thanks to the pandemic and associated restrictions.<\/p>\n

He also noted that it is harder to finance a purchase in Australia as a foreign buyer given stamp duties are high along with foreign investment application fees. There was also a surprising factor.<\/p>\n

“Another factor holding down the number of applications is actually making it easier for foreign buyers,” said Mr Ho.<\/p>\n

“Foreign buyers now only need a single approval, no matter how many properties they have to look at before they buy one. Under the old system, buyers needed approval each time they hoped to buy a property.<\/p>\n

If a deal fell through, they would need to go through the approval process again on the next property that they sought. This reform is very welcome. “<\/p>\n

Mr Ho noted that Queensland received more investment than New South Wales for the first time.<\/p>\n

“Queensland is more affordable, offers a great lifestyle, and has abundant new development property for sale. In New South Wales, high construction costs, unaffordability, and constrained infrastructure contributed to the lower number of purchases.”<\/p>\n

Despite this, Mr Ho believes that Australia remains highly attractive to foreign buyers.<\/p>\n

‘The high costs are balanced out by its strong educational offering, lifestyle benefits, proximity to Asia, and dependable markets and economy.<\/p>\n

“The fact that total approved for an investment increased 19% despite the pandemic demonstrates how good Australia’s brand is.<\/p>\n

“It also shows how much the country depends on foreign capital achieve its potential. In a year of unprecedented global disruptions to trade, investment and travel, Australia still came out a winner.”<\/p>\n

Read more: The Property Tribune<\/a><\/p>\n

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IQI brings you all the insight you need on the current real estate market trends worldwide and more. Join us at IQI and make a difference!<\/span><\/strong><\/p>\n\n\t

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