If you are thinking about buying a home anytime in the next few years, it may be time to call a mortgage broker at Smartline Rockingham sooner than later.
As you may or may not know, our economy is becoming more and more linked to the Chinese economy. China was a great “trade partner” during the mining boom. They bought a lot of our exports from the resource industry.
According to Chinese real estate experts, the next Australian industry to profit from Chinese expenditures may be the housing industry. 149 real estate agencies in China predicted that Chinese will continue to spend more and more money on Australian real estate.
The Chinese like to buy real estate in a lot of different countries around the world but 60% of the agencies polled rated Australia as the most desirable country to buy real estate.
Why Australia is Such a Great Investment for China
As in our export industries, a weak Australian Dollar allows the Chinese to get more for their yuan, which is not faring as well against the US or Canadian dollars. Right now, the Chinese regard Australian real estate as a very safe investment.
In 2015, the Chinese spent $24.3 billion on Australian real estate, making them the biggest investor of any country.
What it Means to You
The Chinese see Australian real estate as a top investment opportunity. Maybe you should, too. Whether you are looking for your first home, a bigger home or an investment property, it will probably cost you thousands of dollars to wait another year. When record low interest rates are factored in, you may never have an opportunity like this one to buy a home or an investment property.
Apply for a Pre-Approved Home Loan at Smartline Rockingham
We have access to home loans from 28 different lenders at Smartline Rockingham. No matter what you are looking for, we can help you find a combination of terms and interest rates that works for your individual financial profile.
To learn more, call a mortgage broker at Smartline Rockingham today: (08) 9527 1800.