Individuals who have been put off purchasing their ideal Australian property due to negative reports about the economy could change their mind following recent comments from a developer.
Speaking to the Sydney Morning Herald, Steve McCann - chief executive of developer Lend Lease - claimed that overseas investors are still showing interest in real estate.
He suggested that the negative reports about the state of the property market were a "little bit exaggerated" compared to the financial situation in a number of other countries.
In addition, Mr McCann asserted that the country continues to act as a stable environment for investors to enjoy returns, making it more attractive than alternative locations.
"We're in a very strong position compared to most western economies so our view is the medium to longer-term outlook for Australia is very robust," he added.
Earlier this month, Lend Lease appointed Jane Hemstritch to its board of directors after her successful career as a non-executive director of the Commonwealth Bank of Australia.
Posted by Ravin Chatlani
Speaking to the Sydney Morning Herald, Steve McCann - chief executive of developer Lend Lease - claimed that overseas investors are still showing interest in real estate.
He suggested that the negative reports about the state of the property market were a "little bit exaggerated" compared to the financial situation in a number of other countries.
In addition, Mr McCann asserted that the country continues to act as a stable environment for investors to enjoy returns, making it more attractive than alternative locations.
"We're in a very strong position compared to most western economies so our view is the medium to longer-term outlook for Australia is very robust," he added.
Earlier this month, Lend Lease appointed Jane Hemstritch to its board of directors after her successful career as a non-executive director of the Commonwealth Bank of Australia.
Posted by Ravin Chatlani
