A recent article by Ken Morrison, CEO of Property Council of Australia celebrated the success of the Australian property industry and indicated Australian’s should be proud of the ability of the Australian property industry to attract foreign investment.
Mr Morrison says:
“When people talk about the property industry, they mostly speak about building – about planning, design, construction, and the needs met by property.
However, the Australian property industry is as much about finance and capital markets as it is about the gritty work of building homes, offices or shopping precincts.
Australia's challenge is to make capital flows as easy as possible and to remove the blockages that hinder decisions to invest.
All too often the debate sees Australia's success as a negative. The fact is our industry is very attractive to international investors.
Australia’s capital markets, regulatory regime and political environment are sophisticated and reliable. Sovereign risk and regulatory risk are limited compared to other places in the world. As well, we are a growing market that creates new opportunities.
For investors, Australia provides a safe and predictable place to invest. For Australians, this investment has funded the construction and growth of our cities – and it underpins our economy.
Foreign investment is a good result all round.”
CFMG supports the view of Mr Morrison and the Property Council of Australia and feel that the Australian property market and CFMG have a good story to tell as an investment destination, safe, trusted, secure and growing.