New home building approvals picked up in Australia in recent years, with 2016 a record year for new homes being built. There has been an uplift in interest from Chinese property investors in Australia in recent years, with a year on year increase in enquiries of 87% between 2015 and 2016. This provides a boost to the local property markets in Australia and off-plan investments encourage construction of new builds. Property experts predict a boom in construction for the coming year.
Sydney and Melbourne are the most popular cities for property buyers, with properties selling fast and rising property prices making them stand out above other Australian cities. Properties here tend to reach their listing price with ease, sometimes selling for over that value, as there is significant demand for properties in these cities and limited supply.
The fast-moving property market in Australia makes it all the more important to find a trusted estate agent in Australia to guide you through the nuances of the local property market and advise you on how the buying process works. It’s also important to keep an eye on exchange rates, as the Australian Dollar is a commodity currency, tied to the performance of commodities and closely linked to economic performance in China, so can move very quickly. A currency specialist can help you stay on top of these currency market movements and guide you through what this means for your property purchase.
Like its close neighbour, Australia, New Zealand ranks highly for quality of life, health and wellbeing. The country also offers an outdoor-focused lifestyle and sensational scenery.
New Zealand scores highly with expats from other parts of the globe, ranking sixth for personal happiness. There has also been noticeable growth in property prices in the country in recent years, with year-on-year price rises of 13.9% in 2015 and 2016.
New Zealand has become a popular area of investment from other countries, including the UK, Australia, China, Singapore and Switzerland. Property prices have soared in recent years in response to a boost in tourism and immigration, reaching record highs.
The most popular areas for property buyers and for immigration are Wellington and Auckland.
Whether you are investing into Auckland’s thriving, multi-cultural, commercial hub; exploring the fertile lands and shores of the Bay of Plenty; or taking advantage of the wonderful wineries and vineyards of Hawke’s Bay or Marlborough, New Zealand has much to offer.
It is becoming an increasingly popular choice for investment and emigration, thanks to a thriving economy and impressive choice of investment opportunities.
The New Zealand economy is in a good place right now, but the Euro-NZ Dollar exchange rate is volatile. As a commodity currency, its strength is affected by economic activity in China and the US, supply, demand and pricing of global commodities. The exchange rate between the NZ Dollar and its main currency pairings fluctuates significantly in response to economic, market and political events. It’s always a good idea to consult an experienced currency specialist to discuss your specific situation and how you may be affected.
Canada has stepped out from under the shadow of its neighbour in North America and has become an increasingly popular country for both property investment and emigration.
Canada has become more and more popular as a destination for property investment and emigration. Canada does not impose any restrictions on non-residents owning property in the country, although it is not until recent years that the country has become more popular as a location for property investment and emigration, having previously been overshadowed by its close neighbour, the USA.
Canada’s more recent popularity has come partly from the country’s approach during the financial crisis, where the economy remained in good shape as other countries went into meltdown. Recent tighter criteria for mortgage lending has not slowed the positive property market, although be aware that first time buyers must meet stringent eligibility criteria in order to get a mortgage.
Property investment is focused around specific regions of Canada. Property prices – particularly in the larger cities – have been on the up for some time; and the country is considered a safe haven from an investment perspective. The country as a whole has experienced property price rises of almost 12 percent in 2016. The most popular destinations remain Greater Vancouver and Toronto, with rising sales in the Fraser Valley, Victoria and Vancouver Island.
The number of people immigrating to the four Atlantic Provinces of Canada has also increased considerably in recent years, with a record number in 2016 – over three times as many as the previous year. This upward trend comes mostly from Canada’s provincial nominee programmes, and a new pilot scheme set up in 2016 to increase numbers of immigrants to Nova Scotia, Newfoundland, New Brunswick, Labrador, and Prince Edward Island (made famous by L M Montgomery’s Anne of Green Gables and Avonlea stories).
Canada recently hosted a special citizenship ceremony at the Supreme Court of Canada to commemorate the 70th anniversary of the Canadian Citizenship Act.
Find out more about the best countries in which to buy property
and the most popular emigration destinations.