It is now over a decade since Australia was considered an exotic destination for European investors. Yet the country, with its enormous wealth of natural resources, has always had a lot to offer. The demographic conditions are still excellent and the population, which is younger than in Europe, is growing steadily. The economy is still heavily dominated by the service sector, which accounts for around 70 % of GDP. The property market is characterised by a high level of transparency and liquidity. Melbourne has established itself as one of Australia‘s most important metropolises alongside Sydney and is considered one of the most liveable cities in the world due to its diverse culture and lively art scene. This is also reflected in the fact that many international companies have their headquarters in Melbourne, which keeps the demand for high-quality commercial property correspondingly high.
Australia Fund 1 was launched in 2006 for the property known as KPMG House in the heart of Melbourne. The property was sold at a profit in 2016. Australia Fund 2 brought together two attractive pieces of real estate in the docklands area, part of the biggest urban development project on the Australian continent.
