AUSTRALIA
The Australian property market is rising, and scarcity remains the key driver for the significant growth in residential values across Australia, with high demand from those engaging in a phenomenally low-interest-rate environment.
It’s all happening in Australia, Brisbane will welcome the Olympics in 2032 with the government committing to A$5BN in infrastructure in anticipation of the games.
There has never been a better time to invest in Australia, with boom-time conditions, and property showing no signs of slowing with lack of supply. Foreign lending requirements are much easier now, interest rates are at a record low, and there are significant stamp duty savings.
Population | 25,459,000 |
GDP Rank | 13th |
GDP per capita | $62,728 |
Quality of life index ranking | 2nd |
Safety ranking | 16th |
Medical facilities ranking | 3rd |
Education ranking | 8th |
Unemployment | 4 % |
Property growth over 10 years | 56 % |
Interest rates | 0.10 % |
Average home price | $549,918 |
Average population age | 37 |
UK
The UK still has a serious shortage of housing caused by many social and demographic factors. Unlike other European countries, The UK population is expanding significantly and it is predicted to reach 70 million by 2020 compared to 63.7 million today. More people living in the UK means that the demand for housing will carry on increasing therefore driving up the price of a property for the foreseeable future. According to the Office of National Statistics, there will be an annual shortfall of housing in the UK of over 100,000 properties each year for the next decade. This could mean a 1 million housing shortfall by 2025 if current trends continue.
Population | 67 million |
GDP Rank | 5th |
GDP per capita | 38 000 GBD |
Quality of life index ranking | 16th |
Safety ranking | 33 |
Medical facilities ranking | 4th |
Education ranking | 13 % |
Unemployment | 4 % |
Property growth over 10 years | 43 % |
Interest rates | 0.75 % |
Average home price | 274.000 GDP |
Average population age | 40 |