CFMG’s strategy with residential property is supported by recent data released by Knight Frank’s Global House Price Index.
The Index has posted its highest rate of growth in three years, with 11 countries recording double-digit growth and Australia’s prices rising by 7.7 per cent.
Knight Frank’s Global House Price Index, which measures the global mainstream housing market across 55 countries, increased by 6.5 per cent in the year to March 2017 –up from six per cent in the previous quarter.
Australia moved from 37th position in the fourth quarter of 2016, with annual capital growth of 4.5 per cent, to 20th position in March, posting a 7.7 per cent rise.
The core focus for CFMG is to create long term value for investors through disciplined acquisition and a conservative but realistic approach to investment. In a climate where real estate sector indicators point to a pick up in activity, spurred by a shortage of land supply it is anticipated that strong medium to long term earnings can be achieved through real estate backed investments.
Michelle Ciesielski, Knight Frank’s head of residential research in Australia, says Australia last saw annual double-digit annual growth in the fourth quarter of 2015, when house prices grew 10.7 per cent and we raced to 4th position.
Knight Frank established the index in 2006 to enable investors and developers to monitor and compare the performance of mainstream residential markets around the world. The index is compiled on a quarterly basis using official government statistics or central bank data where available.