- Australia has a growth forecast of 129% by 2025, double the global rate*
- Cultural and trade ties between Australia and Middle East strengthened
- “There has never been a better time to invest in Australian property” according to IP Global
United Arab Emirates, Dubai, 3rd June 2012 – IP Global, a leading property investment company specialising in securing prime investment opportunities in emerging and developed markets around the world, today issues its release on investment opportunities in Australia, stating that there has never been a better time to invest in certain areas of the country. This represents an interesting new market for their clients to consider.
Despite a general picture of low consumer confidence, the prosperity and economic activity in the Australian mining sector is creating a two-tiered economy, where certain geographical locations are out-performing the national average and continuing to post strong returns. IP Global has identified key mining towns that have witnessed growth of approximately 22% per annum over the last 10 years as a result of demand from the resource sector, and highlights strong property investment opportunity here.
Indeed, there has never been a better time to invest in Australia, according to IP Global Middle Eastern Director, Rob Pearce. He notes, “The urbanisation and industrialisation of China, India and other developing Asian economies are driving the world’s largest commodities boom in history. The total value of Australian commodity exports is expected to more than double over the next 20 years to $480bn. Today the mining industry represents 19% of Australia’s GDP (approx $314bn), just $46bn less than the UAE’s total GDP for 2011*. We encourage our clients to consider widening their property portfolio to include Australia.”(*Sourced from IMF)
Tim Murphy, founder and CEO of IP Global adds, “There are significant investment opportunities in Australia at the moment. China alone intends to build 37 cities over the next ten years, each at least the size of Perth and three larger than Sydney. This will all require Australian iron ore (for steel) LNG (for electricity) and other commodities. China’s continued growth, backed by their large USD foreign exchange reserve, will further influence the high demand, low supply real estate ratio that Australia’s mining towns are experiencing.”
Trade ties between Australia and the UAE also continue to strengthen with the upcoming 2012 Australia Arab Business Forum & Expo on June 6th, 2012 in Australia, which is designed to promote trade and investment between Australia and the Arab world. Her Excellency Sheikha Lubna Al Qassimi, Minister for Foreign Trade of the United Arab Emirates, will be a speaker at the conference.
NB all figures are in US$ not Aus$
*Sourced from HSBC Trade Connections