The time to invest in Australia is now
There’s “never been a better time” to invest in Australia, according to Hall Chadwick Chartered Accountants and Business Advisers national chairman David Kenney.
Australia is currently “enjoying its longest uninterrupted period of growth and has become much more open to the world”, he said.
“Foreign direct investment into Australia has been growing exponentially over the last decade, so companies from overseas could do no better than to look to Australia.”
It is also “much easier for companies to set up business here than in some other cities, such as New York or London, with Australia having substantial cost competitive advantages”, he said.
“Additionally, the OECD has forecast that the Australian economy will grow by 3.3 per cent in 2008, which is good news for the immediate future.”
Further advantages are that Australia “has hundreds of markets, each of which behaves independently and each of which booms and plateaus at different times”.
“This means that it is always a good time to buy property, investors just need to work out the best place to buy,” Keaney said.
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