Investment opportunities for Sabahans in Perth
Edge Visionary Living brings Perth Property Roadshow to Kota Kinabalu. Perth, Australia was voted one of the world's most liveable cities in 2018 and has a long migration history for Malaysians, Indonesians and even Singaporeans. It is a preferred education destination with top institutions such as The University of Western Australia, Curtin University, Edith Cowan University and Murdoch University, making Perth a good investment option for Malaysians.
Australia has been recessionfree for more than 27 years and thanks to its strong economy, supported by agriculture and tourism, the trend is expected to continue well into the future. During the peak of the mining boom in 2012, Australia's mining exports more than tripled while household disposable income per capita rose by 13%, inviting myriad luxury brands to set up shop in Australia. After the iron ore boom went quiet over the past six years or so, Western Australia has been in preparation for a rebound in the mining sector with some AUD$75 billion injected into new projects in the resources segment. This time, lithium will play a big role as demand for the resource increases, especially in the world's ever-growing tech segment.
The city of Perth in Western Australia is particularly advantageous for Asian markets geographically, being accessible via direct flights to and from a number of Asian countries like China and Malaysia, where even Kota Kinabalu is serviced via weekly direct flights to and from Perth. The ease of logistics makes China, Japan, Korea and ASEAN countries key trading partners for Australia. Unsurprisingly, China sits at the top of the chart for students studying in Australia while Malaysia sits at number 5 on that list.
Australia's real estate is another avenue where people are looking to invest in. Perth is a sensible option for Asian investors and those who see the potential for migration and education for their children.
Those interested to learn more about investments are encouraged to attend a free event by Edge Visionary Living, Western Australia's second largest high-rise builder and award-winning developer who will be organising a Perth Property Roadshow today and tomorrow at E-West (5th Avenue Bistro) here from 10 am to 6 pm. The roadshow will highlight three of Edge's properties, namely Botanical in Subiaco, Vantage in Rivervale and Arthouse in Joondalup, all of which are codeveloped by Edge and Hillam Architects, an award-winning firm widely regarded as Western Australia's best architect.
Arthouse is a 17-storey development with 168 condominium units and commercial units in the Joondalup metropolitan area, north of Perth's central business district and only 4.5 km from the beach and close to amenities like Edith Cowan University and Joondalup Golf and Country Club.
Vantage is a condo development with 212 units and a commercial unit that is situated in the Rivervale suburb of Perth. This project is only 3.5 km from Perth CBD, 5 km to Perth Airport and near to top education institutions like Curtin University, The University of Western Australia and more.
Botanical is a low-density, sixstorey development featuring 74 condo units and a commercial unit. Located in the suburban area of Subiaco, it is situated close to top schools and universities like The University of Western Australia, Perth Modern School, Hale School, Shenton College and Newman College. Botanical recently took top honours winning Best MultiUnit Development (AUD$2050 million) at the Master Builders-Bankwest Excellence in Construction Awards 2019.
Michael Hiew, who oversees Business Development and Client Servicing for Edge says that like everywhere else, Australia has its own property cycle and the property sector has had some rough years. However, that cycle is now at a stage where it has already bottomed and is heading upwards.
“This is the perfect time for people to enter the Australian property market,” says Michael.
“Enter when it is picking up and you maximise your investment. No one knows when prices will be at its cheapest but we know now it is cheaper than what it was.”
To make the property investment process easier, Edge will be introducing some benefits like a developer instalment scheme for buyers, financing solutions, stamp duty rebates and more. For more information, discover Perth with Edge Visionary Living's free roadshow today and tomorrow at E-West 5th Avenue Bistro from 10 am to 6 pm.