Australia's Significant Investor Visa $5 Million price tag is working for property-real estate

Australia's Significant Investor Visa $5 Million price tag is working for Houses and Apartments

Anyone from a foreign land is now welcome to fast track their visa application by investing $5 Million into endorsed Australian Property-Real Estate, and they are certainly doing that with a number of significant sales already recorded.

There has been very strong interest in the prestige end of the market with major cities being the obvious choice, but there is also multiple portfolio acquisitions taking place in Queensland's Gold Coast and Brisvegas. 

One Chinese gentleman who was recently looking to purchase a $3 Million Penthouse changed his mind and diverted his funds to six brand new houses at a total cost of $2.7 Million.  The homes were all located within 30 minutes travel time to Brisbane CBD, and the gentleman ended up with $300,000 cash left over from his $3 Million.

This is only one example of smart investing and is a very wise move indeed because Brand New Houses have great financial options such as;

Houses do not attract any body corporate fees

New Houses do not have any exorbitant maintenance issues

Houses do not have the added expense of you supplying furniture

The real estate management fees for permanent tenants are less than holiday letting

Houses with permanent tenants are not subject to holiday letting with obvious down time due to the property being empty if there are no holiday makers

Houses with permanent tenants have 12 month leases in place with a steady income stream.  

Multiple beachfront apartments on the Gold Coast and City apartments in Brisvegas have been snapped up by Chinese investors, but there are many more who are thinking long term portfolio's in house and land developments who have really got their thinking caps on.