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At its meeting today, the Board decided to leave the cash rate unchanged at 4.75%.
An article by the RBA issued in 2000 dealing with the wold economy between 1990 and 2000 did not mention China once.
Now it is the complete opposite. In those few short years China has become a dominant world economic force that is anticipated to outstrip America as the leading world economy by 2016.
In Australia however this effect has been even greater than most other countries. We have an abundance of the natural resources that China needs. We are also geographically closer that most other resource rich countries.
This closeness not only reduces the transport costs for shipping those materials it has also enabled the cashed up Chinese to easily visit Australia.
This has let to an ever increasing desire for those Chinese to invest in Australia...
The Australian economy is considered to be one of the top three most stable economies in the developed world, making us a very attractive investment option.
Whilst the Foreign Investment Review Board closely monitors property purchases by foreign nationals, there is still ample opportunity for welcome investment in Australian property.
Australian property has been a favourite investment for overseas buyers for many years. In the past it was mainly American and British investors. However with their need to consolidate in their home markets those investors have been replaced by the cashed up Chinese investors.
This has led to the savvy property marketer including the potential Chinese buyers when looking to sell any property, ranging from the normal residential house to the large subdivision sites.
With the increasing market for resources and the ever improving political relationship it will become an essential part of any property marketing campaign.
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