Australian Population Reaches 23 Million in the Latest Figures Released by the Australian Bureau of Statistics

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On the 23rd April 2013 Australia reached a new population landmark as it hit the 23 million mark. UCHK Consulting Limited at the forefront of inbound property investors.

Even during the global financial crisis Australia did not suffer the dramatic downturns that happened in the US and Europe. The Australian housing market is in good shape and represents the best option for foreign investment.

The Australian population has been steadily increasing year by year, with an increase of 3 million in the past 10 years. There has been a decline in the rate of natural increase of population since around 1960, mainly due to a decreasing birthrate. However, with an international migrant arriving in Australia every 2 minutes or so, this has boosted the population and stimulated the continued social and economic growth of the country.

In 2013 the Australian Government intends to grant a further 200,000 working visa requests to skilled overseas workers.

The Australian Real Estate market has benefited from the steady flow of newcomers to Australia. Earlier this year Melbourne’s rental vacancy rate fell to below 1% for the first time on record. Competition for desirable rentals near the CBD is high.

PropertyWire’s latest forecast report shows the anticipated number of new-build apartments in Melbourne as decreasing in the next 2-3 years, meaning rental demand should heighten.

A spokesman for the Real Estate Institute of Victoria: “From an investors perspective the strongest demand is for 3-bedroom houses in the inner city and in the middle suburbs. In both cases the average advertised rent is trending upwards”.

UCHK Consulting CEO Scott O. Talbot believes now is the ideal time to purchase prime Australian property:    “With interest rates at affordable rates, rental returns almost guaranteed and strong capital growth assured, we are advising our clients to look to invest in the Australia real estate sector.

“Even during the global financial crisis Australia did not suffer the dramatic downturns that happened in the US and Europe. The Australian housing market is in good shape and represents the best option for foreign investment”.

UCHK Consulting work with overseas investors to provide a wealth creation model through the acquisition of Australian prime real estate. As part of their total solution service they provide visa and immigration assistance. Working in conjunction with UCHK are Rigby Cooke Lawyers. With experts in the field of visa, immigration and tax rules and regulations, they have been providing legal advice for over 170 years. UCHK are proud to work with such partners and offer these services for free as part of their consulting one-stop-shop solution.

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