Modern home at dusk. Cream walls lights at night. Green grass.

Real Estate News: Australia’s Richest Make Their Money Through Real Estate Investment

An analysis commissioned by the Greens senator Lee Rhiannon has found that Australia’s richest individuals are increasingly listing property as their sole source of wealth.

The analysis took into account 10 years of BRW Rich List entries, and found that the amount of people on the list who stated that property was their sole source of wealth, has almost doubled. Out of the 200 richest Australians, this amount has increased from 28 in 2007, to 47 in 2017.

The analysis also found that profit margins for real estate services and property operators had reached levels as high as 57.6% in 2015-16, compared to 35% in 2009-10. These figures were based on data from the Australian Bureau of Statistics, and are the highest profit margins for this sector since before the global financial crisis.

Australia’s real estate market amongst the most stable for investors

This news comes after a recent survey conducted by the Association of Foreign Investors in Real Estate (AFIRE) found that Australia is one of the most stable countries for investment in real estate.

The survey, which was conducted globally, put the country in the fifth spot for stable and secure real estate investment. The USA, Germany, Canada and Britain are the only countries that are more stable destinations for property investors, according to the 26th annual member survey.

AFIRE is made up of members who are among the biggest institutional real estate investors in the world.

 

Want to find licensed real estate agents in Australia quickly? We encourage you to invest 2 minutes of your time to complete easy-to-follow questionnaire below and Perfect Agent will find you the best real estate agents in your area.

Related Posts

5 Things Meticulous Buyers Will Look for When Inspecting Your Property

What Buyers Will Look For In Home Inspections Even if you love the little quirks of your property, and even if you think that the old-timey feel your home has gives it character, the resale value of your property is inextricably linked to the state that it is in. Don’t underestimate the savvy of modern […]

Try These Tricks if You Need to Decorate a Small Living Space

How to Decorate an Apartment or Townhouse One of the drawbacks of apartments and townhouses is that they typically don’t have the spacious rooms that a freestanding house has – nor do they have as many rooms. This often proves to be a challenge for homeowners in terms of storage and decoration. When there’s only […]

How You Should Light Your Home

How To Properly Light Your Home Lighting your home needn’t simply be a practicality. In fact, the lighting you choose in your home can have a big influence on the impression your home makes on potential buyers, and this is a detail that should not be overlooked. Aside from the obvious fact that a well-lit [...]