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Foreign investment drives Victorian property growth

By Jamil Allouche

The state of Victoria has seen an increase in the amount of foreign investment in property across the region, with the latest ANZ/Property Council Survey showing an increase in business sentiment for the December quarter following this growth. 

With the property and construction industries viewing the future of Victorian real estate in increasingly rosy terms, now could be a great time to consider buying your own real estate in Brunswick and settling in the state's capital city.

Property Council Victorian executive director Jennifer Cunich said over the last 12 months, Victoria's confidence and sentiment towards property development rose by eight points, and is now resting at 135 for the December quarter. 

"Foreign property investors are helping lift industry buoyancy by playing an active part in the local market. The importance of foreign investment in driving residential, retail and office capital growth expectations should not be underestimated," said Ms Cunich in a 16 October statement. 

With investment flowing into the state economy, the strength of the overarching real estate landscape is expected to continue upwards. Now could be a great time to take advantage of the low interest rates and housing market supply to purchase your own Brunswick property and settle into the Victorian capital city. 

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