IslamicFinance.de

Middle East investors are increasingly looking at Australia as a destination to expand their real estate portfolios, according to IP Global. A stable economy coupled with strong population growth continues to underpin the property markets in cities such as Brisbane and Melbourne, the property investment firm said in its latest quarterly global real estate outlook. While there are signs that property prices are overheating in traditional investor hot spots like Sydney, pockets of value still exist in suburbs of Brisbane and Melbourne. Paul Preston, Director, Head of EMEA at IP Global, which has offices in the UAE, said that a rising population and big infrastructure spending programs support the outlook for real estate returns in areas beyond the more well-known, traditional investment locations.