FOREIGN INVESTORS TIPPED TO MAKE COMEBACK TO ALL SECTORS OF COMMERCIAL PROPERTY

PHOTO: Offshore investors are flocking to Victoria, especially for hotels. Photo: Josie Withers/Visit Victoria.

Foreign investment in Australian commercial property is staging a comeback, with hotels the most popular asset in almost every state, new data shows.

While offshore buyers in residential property are projected to fall from 18.5 per cent to 15.9 per cent nationally in the first quarter of 2018, foreign demand for hotels and office assets are set to climb to 21.9 per cent and 19.2 per cent respectively, ANZ and Property Council of Australia’s latest quarterly survey finds.

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