It isn’t just the residential property industry which is benefiting from foreign investment, the commercial property industry has hit record highs.
Foreign investment in Australian commercial real estate has touched a new record with overseas buyers purchasing one in three non-residential buildings sold.
A record $28.1 billion was spent on commercial real estate last year with most of that being spent on office space. Of this 32 percent of these transactions comprised of foreign investment.
Like residential investment, the Chinese were behind the largest office space transactions during the December quarter. In Sydney, Chinese investors bought property for $390 million and $425 million.
Foreign investors are attracted to Australia due to our stable economy. They also receive high income return from Australian real estate.
It is forecasted to be a strong forecast for the 2015 commercial property market.