Sydney and Melbourne are becoming hotspots for worldwide capital looking to invest in commercial property, according to an ANREV survey.
Sydney was the top preference for 86 per cent of investors, while Melbourne was the preferred destination for 83 per cent.
According to the survey, Australia is an attractive destination for investors because of the positive outlook for the country’s economy compared to others in 2023 and 2024.
Australia’s population growth is forecast to be one of the fastest of the major advanced economies, which will help underpin demand for commercial real estate and housing.
On top of that, the Australian build-to-rent sector is immature, which provides investors with an attractive opportunity for growth in the market.