Why should we buy an investment property?

Research has shown that residential property in Australia on average has doubled in value every 7.2 years over the past 40 years.  That is why international property investors love Australian real estate.

There are many benefits for Australian residents purchasing investment property including:

• Appreciation
• Depreciation
• Tenant paying the mortgage
• Tax rebates.

How can we help you purchase a property in Australia?

James Cagney is the CEO of IRPS Associates Pty Ltd, a registered migration agent (MARN 9900101) and licenced Real Estate agent for Queensland (No.3048738) and NSW (No.1397406). James Cagney and his family migrated from South Africa to Australia in 1998.

Over the years he has established contacts with reliable real estate agents in Victoria, South Australia, Canberra, Western Australia and Northern Territory. Therefore, we can find you a property wherever you want to buy in Australia.

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Can overseas residents buy in Australia?

James Cagney's interest in Australian Real Estate was kindled when he lived in South Africa when he discovered that migrants have the opportunity to buy investment property in Australia whilst still living outside the country. Many migrants mistakenly believe they can only do this when they arrive in the country to take up residency. However, buying property is in fact more difficult once migrants arrive because they have no credit record or equity in Australia - two ingredients essential in order for the banks to lend money to purchase a home. As a result many migrants have to wait several years before they can buy a home, which can be very stressful. Housing prices continuously rise in most urban areas in Australia, and new migrants who can't afford to buy are forced to rent for many years. Unfortunately rents are also rising and migrants are finding it almost impossible to save for a deposit for a property for a number of years. Unbeknown to most migrants, they can actually borrow between 70% to 80% from Australian banks for the property, whilst they are still living and working in their home country. That is because they have serviceability (income over two or more years), equity in their own home or the deposit in cash in Australia. Many South Africans have taken advantage of this as a result of the easing of the South African Reserve Bank restrictions and they are now able to fund the deposit and costs to enter into the property market prior to their migration.

Many other investors over the years from around the globe have invested in Australian property through IRPS Associates Pty Ltd. So please contact us whether you want to migrate and buy a property or if you want to invest to make money and we will help you.

Do you want to know more?

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What makes Australia a desirable destination for migrants?

• Despite the world economic crises Australia has one of the most stable economies in the world.
• The Asia Pacific region is an area of economic growth, albeit slower than in previous years. Australia’s trading arrangements in Asia such as China and India are still predicting good growth in their economies whilst the USA and Europe are in trouble. Global demand will decline but Australia will gain market share at the expense of higher-cost producers like the USA and Europe.
• Australia has good prospects for the future despite the current global financial crises. Although there is a decrease in global demand the prices for commodities is holding and the AUD is rising against the USD and the Euro.
• The Australian Government has been proactive in stimulating the economy. They decided to inject vast amounts of money into family grants and into new infrastructure to create jobs and to stimulate the economy. In December 2008 the government injected AUD10.4 billion into the economy. Another AUD 42 billion is being injected into the economy over the next few years in a national building and job programme.
• The population growth rate of Australia has over the past decade has been a major factor to economic growth. For example during the 12 month period to June 2009, the population increased by 1.9% equating to over 680 000 new residents. A large percentage of migrants (64%) are in the skilled category. This means that many of these migrants are buyers and renters of quality real estate.
• The home affordability increased by 2.4% and the average household needs 38.8% of the family income to service the home loan. Interest rates have increase from the 50 year lows in 2009, a factor which will reduce many of the marginal property buyers who will opt to rent which will increase returns on investment properties.
• The Australian housing market has grown rapidly since 1998, to the extent that mortgage loans as a percentage of GDP grew from 19.9% in 1990 to a peak of 60% in 2008. This peak was reached before a huge decrease in interest rates in 2008. RP Data reported that house sales increased by 32% across Australia for the year ending June 2009 compared to June 2008.

* Unless otherwise stated all statistics are from the September 2008 and June 2009 quarter.

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Address: 13/82-86 Limetree Parade,

Runaway Bay,  QLD, 4216

Contact Phone: 07 5500 6080

Fax: 07 5500 6050