REPUBLIKA.CO.ID, JAKARTA -- Sydney-based Crown Group, a leading group in property development, investment, and management, is offering an opportunity to Indonesian nationals interested in investing in Australia's property sector.
"I am very optimistic about the potential being offered to Indonesian investors to invest in the property sector in Australia in 2015," co-founder and Chief Executive Officer of Crown Group Iwan Sunito noted in a written statement on Monday.
Iwan, an Indonesian who graduated from the University of New South Wales with a Bachelor of Architecture (Hons) degree and a Master's degree in Construction Management, was awarded the UNSW Eric Daniels award for excellence in residential design in 1992.
He noted that prospective investors should take into consideration three key factors before deciding to invest in Australia.
Iwan pointed out that the three important factors are the competitive level of the Australian dollar against the US dollar, the Australian Central Bank's policy to reduce the interest rate by 0.25 percentage point to 2.25 percent on February 5, 2015, and the rate of growth in property values in 2014.
According to Iwan, the recorded high growth in property values in Sydney in 2014 surpassed that noted in other major cities of Australia.
According to the Domain Group's report published on its website www.propertyobserver.com.au, the median house price for Sydney is now A$873,786, after a 14 percent hike in prices during 2014, while apartment prices rose 10 percent over the year to A$597,668.
According to Domain Group's senior economist Dr Andrew Wilson, the figures confirmed that the Sydney property market was in "hyperdrive" as it emerged as the outstanding performer, with 15-percent house price rise recorded in 2013.
Most of Sydney's growth was noted in the December quarter when the median house price increased by 4.1 percent.
Melbourne's house prices grew by just 0.6 percent over the December quarter, up annually by 3.4 percent to a A$610,470, according to Domain Group's House Price Report.
"It indicates that the property market in Sydney has a very bright future," Iwan said, adding that the rapid growth of investment from Indonesia in Sydney is due to the significant presence of Indonesian students in the country.
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