THE cosmopolitan Australian cities of Melbourne and Sydney are regularly voted among the top 10 most liveable cities in the world, with the former even ranked top in a recent survey.
Offering great investment opportunities, they make great choices for Malaysian real estate investors and potential migrants, according to Property Talk principal Steven Cheah.
The company specialises in selling Australian properties, and will showcase a selection of projects for both the state capitals of Victoria and New South Wales at the upcoming Star Property Fair 2014.
With more than 20 projects in its portfolio, investors and buyers would have varying options that cater to their budgets, needs and wants.
“Malaysian investors are among the top five biggest groups in the real estate sector as monitored by the Australian Foreign Review Board.
“Many are buying because their children are studying Down Under, while some have intentions to migrate there. Investors also see it as a great way to diversify their portfolios.
“Rental returns in cities like Melbourne and Sydney are very high, and many parents prefer to purchase properties as in the long term, they gain in capital appreciation and hedge against inflation.
“The Asian mindset is that properties represent a safer investment, and is also something that can be passed down to the next generation,” said Cheah, adding that many major Malaysian developers have also entered the Australian property market in recent years.
He said most investors would look for property in the city centre, or near universities, when they invest overseas. Rental yield is higher, and there is more demand from students and working adults.
“Our diverse Australian property portfolio allows us to match buyers with the right property. Each customer has different reasons why they are investing in Australia, hence we need to identify this first before we sell any property to them.
“We act as a one-stop centre for customers – from purchasing a property, to obtaining the bank loan, and managing their portfolios. Many of our investors are repeat buyers,” he noted.
While a Malaysian can buy property in places like Melbourne — which came out tops in the Economic Intelligence Unit’s (EIU) July 2014 survey — and submit his loan application locally, Cheah also advises first timers to do thorough research first.
“In property investment, location is the most important factor. One should be familiar with the city and area surrounding the subject property.
“Sometimes, the projects being promoted may be tempting and comparatively cheaper. But it may be in a remote area without freeways or transport connections.
“Thus, it never hurts to fly and see the property itself, before you commit to buying it,” Cheah advised.
To find out more about Property Talk’s Australian projects, visit them at booth E2 at G Hotel during the Star Property Fair 2014.
The fair, currently in its 12th edition, is the premier property showcase in the northern region, and will be held simultaneously at Gurney Plaza and the adjoining G Hotel from July 24 to 27, from 10am to 10pm daily.
Exhibitors will be showcasing various local and foreign properties, while there will also be specialists in their respective fields to provide visitors with useful information on various property-related topics, conduct talks and forums.
Zeon Properties Sdn Bhd is the event partner. Visitors stand to win iPad Minis, Samsung tablets, mountain bikes and gift vouchers daily by taking part in the Dip & Win Property Fair contest sponsored by Ivory Properties Group Bhd.
For details about the fair, call Eric Voon at 04-6473388 (ext 3021) during office hours.
Admission is free.