A full house at the Australia Property Show.
More than 500 local and overseas visitors attended the two-day exhibition to find out more about investment opportunities Down Under.
By Mindy Chong
PropertyGuru held its inaugural Australia Property Show on 26 and 27 November at the Regent Hotel Singapore, attracting more than 500 local and international visitors. The event drew many potential investors who came to listen to industry experts, and view the latest residential and commercial projects from Down Under.
Seminar highlights included a 2017 outlook for Australia’s property market, updates on mortgages, taxation and real estate laws for foreign investors, and the impact of the US election on the Asia Pacific region.
With the surprising election outcome and major shifts in global economies and currencies, investors wanted to know if Australia is still considered a safe haven. They were keen to find out if there are property hotspots worth considering, be it for own stay or investment purposes.
Property firms that participated in the show included Fragrance Group Limited, Karam Group and its independent contractor, Ray White Projects, Project Marketing Investments Qld and Weston Property Developments.
Participating exhibitor Simon Worthington, Sales Manager at Ray White Projects, noted that Australia has a relatively stable economy and property prices generally double every seven years. Interest rates are also very low. He shared that the turnout for the show was fantastic, with hundreds of attendees. He was glad to have the opportunity to share with investors that Australia remains a safe place to invest in.
Guest speaker James Chen, Senior Manager at PwC Singapore, said the show was a good platform for investors to gain insights on new investment hotspots, what they should look out for, and for PwC to share their expertise on taxation and interest rates.
“Those who came to the Australia Property Show are very savvy investors. They seem to ask questions, have done their research and know what they want,” said guest speaker Jennifer Chia, Executive Director from TSMP Law Corporation.
She added: “The Additional Buyer’s Stamp Duty (ABSD) will likely continue in the future. If you are still keen to make a property investment, it is a good idea to look overseas. Australia is a country that we have very close ties with, so PropertyGuru has been spot on in choosing the right country to focus on.”
If you missed the show, please visit bit.ly/apsnov2016video. For more information on upcoming events, go to: www.pgevents.propertyguru.com.sg/.
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