Suzanne Watkinson’s latest article for Macau Lifestyle; how Ambiente is supporting residents in Macau to invest profitably in Australian properties.
Let me ask you a question – when it comes to property, how much do you think HKD3M could buy you here in Macau? In some buildings, the answer would be nothing more than a single car park. In other, older (say 30-40 years) walk-up buildings, you may be able to find a studio or perhaps even a one bedroom, but likely in need of extensive modernization.
Stretch your buck further
In Australia, on the other hand, your HKD3M will go much further and get you a brand new two bedroom, two bathroom apartment, with a car park and clubhouse facilities included, and all within a 5-10 minute drive from central Melbourne or Brisbane.
With the recent legislation here in Macau that penalizes locals through additional hefty stamp duties if they wish to buy two or more properties, is it any wonder that those with some spare cash and forward thinking are starting to want more for their money and are investing overseas, with many turning to Australia.
For the full article on Macau Lifestyle: Australian Property Investment