Professionals Real Estate 
One of the most significant trends in the Australian property market during recent years has been the growing number of overseas migrants buying and renting properties.
This is underlined by the fact that overseas migrants have accounted for up to 50 per cent of total population growth in some areas of Australia. Population growth traditionally is a key driver of the property market as it underpins demand for real estate.
Not only do overseas migrants require rental properties when they first arrive in Australia, but in later stages they start buying their own homes and then investment properties.
Professionals have found that a large number of our clients are overseas migrants who have arrived in Australia over the last decade and then decided to buy property after financially establishing themselves.
A recent breakdown of where migrants located in Australia indicates that almost all move to the big four states.According to the Australian Bureau of Statistics, 29.5 per cent of immigrants settle in NSW, followed by Victoria on 26.9 per cent, Queensland on 18.4 per cent and WA on 18.1 per cent.They’re followed by South Australia on 5.1 per cent, the ACT on 1.2 per cent, Tasmania on 0.6 per cent and the Northern Territory on 1.2 per cent.
Migrants who have recently arrived in Australia should take their time to purchase property. Property laws in Australia can differ from overseas, while there can also be major differences in property markets.
For example, Sydney is currently experiencing a property boom while house prices in some suburbs of Perth are actually falling. Meanwhile, in Brisbane, prices are starting to rise after a number of stagnant years.
However, one rule that does not change regardless of where someone lives is that location, location, location drives long-term property values.
