Hausples.com.pg is very excited to announce the launch of a new “International Section” featuring Fijiand Australian properties.
Whilst Hausples.com.pg is very proud to be advocating for better access for housing for the average Papua New Guinean, our new international section recognises that some lucky citizens and residents are considering property purchases overseas. As such, our new International Section features Australian and Fijian properties; the most common countries for PNG nationals and expatriates to purchase real estate.
In this newsletter we consider the lifestyle and financial benefits for Papua New Guineans to invest in Australian properties. An upcoming newsletter will focus on Fiji and a further exciting strategic partnership for Hausples, our real estate agents and our sellers and landlords. Stay tuned!
Why consider purchasing in Australia?
One of the most valued benefits for Papua New Guineans when purchasing Australian properties is the availability of high quality education. When you couple this with the strong investment returns available on Australian properties, it’s not surprising that Australia is an investment hotspot for PNG nationals.
Cayman Properties’ Queensland international marketing specialist Angela Vinnicombe says “An increasing number of PNG families are realising the dual benefit of investing in Australia now with a view to achieving significant capital returns once their children complete their education and return to PNG. The families then have the option of renting the property out to further their investment or selling it.”
Which cities to consider?
Strategically, the most popular locations for education and investment in Australian properties are Cairns and Brisbane in Queensland.
Angela says that for senior schooling and university education, Queensland and Papua New Guinea have a natural affinity with a similar climate and short travel distances from Port Moresby to Cairns of 1 hour and 40 minutes, whilst to Brisbane the trip takes just 3 hours.
“80% of my Papua New Guinean client base is investing to support their families educational aspirations and Queensland is seen as the ideal market” explains Angela.
Where to invest and buy Australian properties?
“The best locations to invest in are those with easy access to a mix of both Government and private schools, universities and other tertiary institutions such as TAFE. These locations are sought ofter by both local Australians and foreign citizens, this ensures strong demand and the potential for rapid capital growth” says Angela.
Cairns is one of the most sought after cities by Papua New Guineans. According to Angela “The beach suburbs of Trinity Beach, Trinity Park and Kewarra Beach are particularly popular due to their close proximity to the beach and natural parkland areas. In addition, these suburbs are a short walk or bus trip to the commercial hub of Smithfield which is home to restaurants, shopping centres and the popular James Cook University. James Cook University is well renowned and offers a wide range of courses in business, law and science.’
Outside of Cairns, Angela cites Brisbane as the second most in-demand city for investments. “The capital of Queensland, Brisbane has all of the conveniences one would expect from an international city. Suburbs likely to achieve strong capital growth include Brighton and Narangba in the north, while in the south Crestmead, Logan and Beenleigh are seeing strong investment returns.
Finally, the Gold Coast is experiencing a renaissance, with the subsurbs of Pimpama, Coomera and Helensvale proving very popular given their proximity to the Griffith
University Parkwood campus.
Of course there aren’t just investors looking to purchase residential properties in Queensland. More and more Papua New Guineans and foreign expatriates are diversifying their portfolio with strategic investments into blue-chip commercial, industrial and retail properties.