This Home Buyer and Investor show was branded as an opportunity to educate Melbournians on buying new homes, or even investing into properties around the world. The organisers offered a series of free seminars which attracted vast crowds to the event.
Overall the show, which took place from the 29th to the 31st of August, was highly popular and the Knight Knox International team were introduced to numerous potential clients. Although many were initially attracted to the idea of the capital, Knight Knox’s strong portfolio of regional investment opportunities piqued plenty of people’s interest.
One of the buy-to-let developments highlighted was X1 Salford Quays Phase 3. This third and final phase was created to answer the strong demand for luxury apartments in Salford Quays, a popular area revitalised by the BBC moving there in 2009. Also on offer was X1 The Quarter based in Liverpool, with a massive 500 apartments on offer, this development will be Liverpool’s latest waterfront landmark. Rents in the North West have seen unparalleled growth over the last year with yields of 7.2% in comparison to the national average of 5.3%. Altogether this encouraged Australians to look beyond London, which only saw yields of 4.4% in July 2014.
The other investments which triumphed at the Melbourne Homebuyer & Property Investor Show were Knight Knox’s student properties- Burgess House in Newcastle and Sovereign House in Sheffield. These two properties offer investors impressive yearly yields of over 8%, as both Newcastle and Sheffield have a chronic undersupply of accommodation for students. Property experts Savills, in their latest student housing report, calculated that Newcastle was one of the best cities to invest into for student accommodation. Plus, Sheffield is also garnering a reputation as the top student city thanks to consistently high results in student satisfaction, meaning it will only grow in popularity.
A strong Australian Dollar in comparison to the weaker British Pound meant that many were looking at UK investments at the show. The student property movement has been a popular choice amongst investors for many years now, ensuring that the Knight Knox International stand was one of the most popular.
According to leading commercial real estate company, Colliers International, Australians are investing more and more into overseas property. In 2013, Australians bought approximately £2.4 billion worth of foreign property with two of the most popular places for Australians to invest into being the US and the United Kingdom, in the main thanks to the shared language. Investments into properties in these areas are increasing with the report stating “residential rental markets are now considered a good investment.” It appears that as Australia’s housing boom looks more and more uncertain, many savvy Australians are looking to overseas properties in more reliable markets
The show was a resounding success, with the team meeting a great number of potential investors and also getting the chance to promote the investment opportunities of the UK’s regional locations. The next exhibition the Knight Knox team will be attending will be the iProperty Luxury Property Showcase in Kuala Lumpur on September the 13th.