Indonesia has been targeted as a potential source of foreign
investment for the Australian housing market.
Towards the House of Representatives’ Standing Committee
on Economics inquiry into foreign investment within residential property, Nyko
Property explained such investment was beneficial for the Australian economy.
This is with the current policy framework essentially correct to ensure no
abuses of the system.
It was said there is some misunderstanding surrounding foreign
investment within residential real estate - the committee’s report serving to
clarify all the issues alone, would in itself be worthwhile.
Nyko property believe this misunderstanding, as well as
occasional misreports of what is and is not permissible in foreign investment towards
residential property, could damage a valuable source of investment in what is a
$4.75trillion industry.
Much focus of overseas investment for Australia had been
on China. However, Indonesia is now an emerging market that not only offering
immediate economic benefits, but also potential to benefit one of Australia’s
most significant foreign relationships.
Nyko Property is based in Melbourne, but has now licensed
its business name in Indonesia, back in March this year. They have given rights
for a local agent to distribute the group’s properties within Indonesia.
Since then, Nyko have hosted a property seminar in Jakarta,
where they experienced first-hand interest towards the Australian market. They
are now committed to establishing offices in Jakarta and Surabaya.
Indonesia has been said to be a market with real potential
for attracting foreign investment into Australia, owing to the high demand for
good quality investment properties.
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