Nottingham, United Kingdom (PressExposure) July 30, 2009 -- News has just been released by the RBA that the Australian economy is doing so well that is outperforming the initial predictions as forecasted by the Australian government, and top economists.
Minutes from a recent meeting held by the RBA have disclosed that the economy is much better than was foreseen, due to a mixture of economic factors, such as the strength of Chinaâs economy, Australiaâs leading trading partner.
This means that many sectors of the country are too performing very well, and that Australia (as recently speculated) will be more than well on the road to recovery next year, making investors in business and particularly property very happy indeed, who are already flocking to the country.
One of the key areas that is purported to be enabling Australia to perform so well is the property market, which is responding excellently to treatment policies as implemented by the government, such as a more lenient working visa for immigrants and tax cuts for first time buyers. Interestingly the number of people buying first homes in Australia has increased and improved the market and economy so much that the Australian government is going to extend the policy for first time buyers.
So what does this really mean for property investors? David Redfern, managing director of DSR Asset Management Ltd. has commented that,
"well obviously this is extremely good news. We already new that the property market in Australia is one of the best of the world for investors, which is why we have added more properties to out portfolio. However to hear that the central bank of Australia itself has been surprised by both the economy itself and the property market, means that there may even be larger investment potential in the country than anyone had realised at current.â
The property market in Australia really is one of the top in the world, particularly in South Australia where it is expected to rocket in coming years. DSR Asset Management Ltd have some exciting, safe and clear investment opportunities that really must be took up now.
Whether for pure investment needs, such as those offered by Echo Beach, Beachport where one can purchase land plots form as little as Â£16,000, or the purchase of beautiful three bedroom houses at Lakeside, Adelaide. Never will the market offer the potential for such fantastic rewards.