Top reasons why the Aussie property market is worth your while. Find out how the micro markets of Sydney, Brisbane and Melbourne can work for you and your investment plans.
I have always loved Australia, I should, I was born and raised there but left in 2002 to begin my adventures living as an expat. All the while I have seen Australian property go from strength to strength. Gladfish are proud to be working with a number of select developers up and down the east coast (sorry Perth). Seriously, though these are ideal for expats living in the UK or Asia as well as Asian clients looking to invest in Aussie property.
Hey guys, Property Search…Think Gladfish. I'm Brent Alegre-Wood and this is Property Rant.
Today, it's why Aussie property? So obviously we've moved into Aussie property, selling Aussie property. Obviously, I'm Australian, so I've been there for many years, I've actually been out 15 years, but it's amazing the… I've still kept abreast of the market and I'm still involved in the market over there.
Basically what we're looking at… all we're doing now is effectively property up and down the East Coast. So sorry, Perth, and of course, Adelaide, we're not really looking at either. But certainly East Coast: Brisbane, Sydney, Melbourne, absolutely. Gold Coast, Springfield, certainly. When it comes to Brisbane and surrounds, that's an area that we know very well and that's where most of my contacts are. But we've got a number of developers, and this is all new stock, and primarily, house and land is what I'm going for more than apartments. I think it's a better market, a more stable market. It doesn't mean we haven't got apartments, we have, and they do come up, but depending on where we are in the cycle, you'll see things come in and out and different areas come in and out, because the one thing about Brisbane and Sydney and Melbourne is they are all micro markets.
So it's all good to sit here and say, “Oh yeah, I want to invest in Australia.” Australia is a big place. Yes, there's only 25 million people, but the reality is they're spread out very far. So the fundamentals remain exactly the same as most other countries, But what you've got to realize is the fundamentals are slightly different. Whereas in London, everything's compact, okay, and even towns in the UK are very compact, or Spain, or any of these sort of places, actually,
Australia is very spread out, and people drive a lot. I mean, I have a tyre company over there, and it's amazing that the tyres we sell are very different from what we sell…we would sell in, say, Europe and things like that, because of the distances that people drive. It's nothing for someone to drive 40 minutes, an hour to work, to and from work, every day.
Public transport's nowhere near what it is in most other capitals because it just doesn't need to be, because people are spread out. So Brisbane, Sydney, Melbourne, it's a great market to invest in. Politically stable, all the bits and pieces. In fact, it's amazing how I went from the Australian market to the UK market and I virtually don't have to change the things I talk about in terms of principles and processes and how to get a mortgage and all these sort of things, doesn't change.
If you've been investing in UK…and Aussie property, if you're in the UK and you're looking to buy Aussie property, you're probably an expat. I'd say if you're in the UK, I wouldn't go back to Australia unless there's a reason drawing you to it. Stick to the UK market, it's virtually the same, same cycles and all those sort of things. Not the same timing of the cycle, but the same cycles it goes through.
But if you're an Aussie sitting there in the UK and you're thinking, “You know what, I'm not going to be here forever, I do want to get back to Australia,” then give the team a call because actually we can definitely help you. So house and land is our big thing, and I really like house and land because you can know the market and you know the areas. We can manage it for you, you know, we've got Shane and Richard in Aussie that can look after things, and the great thing about that is we know the areas, we've got the men on the ground.
We're dealing with developers that we know and we've proven and we've worked with for many years. I mean, look, it's a great and it's a fantastic place to invest, and Aussie is only getting better. It's one of those places where people think that everyone owns a kangaroo in their backyard and people think the sun always shines blue. It does, certainly in Brisbane. Not so much in Melbourne, Melbourne's more like London weather, but it certainly gets hot in summer. But the great fundamentals, and the good thing is the fundamentals are… there's probably even more information available on Australian property than there is in the UK, more detailed information, which is really good.
The RP Data there is fantastic, so you can really see what a property's worth and what properties around you are worth, and that works really well. But anyway, that gives you a bit of an idea of why Aussie property. You know, been in it for years and it's something that I'm really committed to doing.
Okay, guys, have a great day, live with passion.