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Top 5 Australian Cities for Asian Property Buyers in 2020

Australia is a stable and low-risk destination for investment, thanks to a resilient economy, dynamic industries and strong trade ties with the world.

Australia offers a wealth of investment opportunities in resources and energy; the circular economy; defence, advanced manufacturing and space; digital technologies; agribusiness and food; health; and infrastructure.

Here is a look into the top 10 cities in Australia attracting Asian property buyers in 2020.

 

1. Melbourne

Melbourne is seen as a city of opportunities and fortune. With strong government support, Melbourne has seen much success from both domestic and foreign investment.¹

 

A city with a diversified economy, Melbourne has welcomed investments from all over the globe - from ICT services to clean technology and, at the same time, filled the growth of a thriving education sector.

Universities such as the University of Melbourne and Monash University have established their reputation for being among the world's best. They now attract thousands of students from Asia and all over the world.

 

2. Sydney

The city of Sydney, a good location for your business hub in the Asia Pacific.

Sydney is a growing coastal city that boasts a thriving culture and plenty of harbourside and beach-side suburbs. With such a unique landscape, vital transport infrastructure and a highly desirable lifestyle, Sydney is a beautiful place to live and a valuable place to invest in, as long as you choose the right property.²

The capital city of New South Wales in Sydney, a bustling cosmopolitan metropolis. Sydney is Australia's business capital, largest city and number one investment destination.

With over 600 multinational companies based in New South Wales, it's no wonder that it accounts for almost half of Australia's real economic growth.

 

3. Brisbane

With a global outlook, exceptional industry strengths and a new world city edge, Brisbane is at the core of business investment opportunities in south-east Queensland. The city is firmly connected to global markets, and vital real and is Australia's closest major capital city to Asia.

Governed by the largest municipal council in Australia, many multinationals have invested in Brisbane, finding an open, supportive, stable and cost-competitive business environment.³

Innovators, industry leaders and emerging talent are drawn to Brisbane by the growing opportunity to excel, considerable business benefits and the lifestyle.

 

4. Perth

Perth is placed well for liveability when measured against other cities around the world. In 2018, the Economist's Intelligence Unit ranked Perth in 12th position from 140 global cities based on stability, infrastructure, education, health care and environment.⁴

Perth is the closest major Australian capital city to Asia, allowing easy connection to the European continent and falling into the same time zone as capital cities such as Singapore, Hong Kong, Kuala Lumpur, Jakarta, Beijing Shanghai.

 

5. Gold Coast

Gold Coast, a city, coming of age, was once considered a coastal village has transformed into an emerging global centre. It is a city that embraces new industries, boasts a 'have-a-go' attitude and constantly goes above and beyond its potential.

The Gold Coast is transforming into a world-class city dedicated to business growth, job creation and diversification. Boasting three world-class universities, a Health and Knowledge Precinct, a Cultural Precinct and an unparalleled natural environment, the Gold Coast is perfectly positioned as a destination for all major industries.⁵

Sources: 1. Investment opportunities - Live in Melbourne; 2. Here's The Beginner's Guide to Property Investment in Sydney; 3. Top 5 Considerations when Investing in Brisbane;, 4. Best suburbs to invest in Perth 2020; 5. Australia's Gold Coast - We Are Gold Coast