Tuesday 22 July 2014

Australian property group opens in emerging Indonesia



Indonesia has been targeted as a potential source of foreign investment for the Australian housing market.

Towards the House of Representatives’ Standing Committee on Economics inquiry into foreign investment within residential property, Nyko Property explained such investment was beneficial for the Australian economy. This is with the current policy framework essentially correct to ensure no abuses of the system.


It was said there is some misunderstanding surrounding foreign investment within residential real estate - the committee’s report serving to clarify all the issues alone, would in itself be worthwhile.

Nyko property believe this misunderstanding, as well as occasional misreports of what is and is not permissible in foreign investment towards residential property, could damage a valuable source of investment in what is a $4.75trillion industry.

Much focus of overseas investment for Australia had been on China. However, Indonesia is now an emerging market that not only offering immediate economic benefits, but also potential to benefit one of Australia’s most significant foreign relationships.

Nyko Property is based in Melbourne, but has now licensed its business name in Indonesia, back in March this year. They have given rights for a local agent to distribute the group’s properties within Indonesia.

Since then, Nyko have hosted a property seminar in Jakarta, where they experienced first-hand interest towards the Australian market. They are now committed to establishing offices in Jakarta and Surabaya.

Indonesia has been said to be a market with real potential for attracting foreign investment into Australia, owing to the high demand for good quality investment properties. 

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