Name of Expo: Melbourne Home Buyer & Property Investor Show 23 -25 August 2013
No of times KKI have exhibited: First Time
The recent surge in interest from Australian investors in the UK property market was exemplified yet again, at this Melbourne event, as our exhibitions team continued their venture into Australia.
Continuing on in the same vein as the extremely successful Sydney Home Buyer & Property Investor show, investors from Melbourne showed similarities to their Sydney counterparts here, in that both displayed a high interest in the UK property market.
The upward spiral of interest in the UK market from Australian investors stems from a series of factors which have coincided with one another; the first of which is the continuing depreciation of the Australian dollar which has depreciated by 10% since April according to the IMF, causing many to put their money in UK Stirling and property, allowing them to both secure their funds and gain financial rewards.
The costly nature of the Australian property market also encourages many to look to the UK, with Australia being identified in the 2013 Annual Demographia International Housing Affordability Survey as the third most unaffordable major market. Another factor is the exclusivity of the Australian property market; if investors purchase additional properties other than the home they reside in, they can only re-sell it to the local market, thereby eliminating the rest of the global market and curtailing profit margin.
We are now planning to attend a series of exhibitions next year in the outback
In addition to these factors, a major attraction for Australian investors is that they can purchase overseas properties using their self-managed superannuation pension funds, which they often use to fund property purchases, although some investors, at this time, are choosing to delay their investment in fear of a change in policies, with the upcoming elections occurring this September.
However discounting that, the event was extremely successful, with the team receiving a number of sub-agent enquiries, in addition to meeting clients who instantly recognised the Knight Knox International branding, having already discussed investment opportunities with our UK-based sales team.
In total we received more than fifty serious enquires and built relationships with new and existing clientele and, successes such as this on our first venture into Australia have ensured that we are now planning to attend a series of exhibitions next year in the outback, as we continue to explore the market which we predict, will become one of our main global sources of investment in the near future.