Australian property market comes up trumpsfollowing US election

 

Last Wednesday 9th November marked D-Day…the day it was announced that Donald Trump defeated Hillary Clinton in the race to become the next President of the US, following what was one of the most shocking and controversial elections in modern political history.

 

As soon as news hit, it become fast apparent that Trump was not the only winner! According to leading experts, thanks to Trump’s victory, the Australian property may have also won itself a new wave of foreign investors! 

 

One might be asking: How on earth does Australia come out on top after a US political decision is made millions of miles away?Let us tell you this, it comes down to confidence… or lack thereof, in this case.

 

“It is no surprise that buyers are easily scared whenever a market shows any signs of uncertainty – such as the Trump win or even Brexit for that matter,” says Hannah.

 

“History has shown us that no investor likes to put their well-earned dollar into a market that is unstable or undergoing enormous change.”

 

Fortunately, experts, including REA Group chief economist,Nerida Conisbee, are saying that people are likely to look to markets, such as Australia, following the Trump victory and the uncertainty that came with it.

 

“Australia will be a beneficiary of this as it is considered to be one of the safest markets in the world,’’ she said.

 

She warned property values in the United States were likely to fall in the same way they did in Britain following Brexit.

 

“In uncertain markets, people don’t like to buy,’’ she said.

 

Whether the US will fall into a recession is anyone’s guess. (We predict Trump’s new role will be the true guide.) What we do know is that while much of the world is currently going through change, and an overall lack in confidence, the Australian market is just the opposite – stable! 

 

Meaning many parts of Australia (especially Brisbane) are now high on the radar for many overseas investors who previously bought property in the US, but are now on the hunt for a new, more ‘stable’ alternative. 

 

Whether you are based in Australia or overseas, we can help you find that next lucrative property, located right here in the heart of the Brisbane CBD. For more information or to set up an appointment, contact Hannah and the HSBP team on 0419 782 133.

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