23.08.2011 - Australia highlighted as 'favourite' of overseas property investors
Australia has seen commercial property investments soar by nearly 130% year on year, according to Real Capital Analytics (RCA), with both the company and Jones Lang LaSalle (JLL) highlighting it as a "favourite" for inter-regional investors. According to RCA's Global Capital Trends, the continent's traditionally high yields averaging 8.3% in the second quarter had attracted foreign investors, who accounted for more than 40% of investment between April and June, while the 127% year-on-year rise had led to commercial sales amounting to AUD4.5bn (3.4bn).............................................Full Article: Source
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