The Knight Frank City Wealth Index has ranked Sydney as one of the most appealing cities in the world in which to invest. Sydney was ranked 4th in the world as an investment location, after London, New York, and Los Angeles.
Upcoming large-scale property development in Sydney, particularly the Crown Sydney, One Sydney, and One Sydney Harbour, are likely to attract increasing global investment in the coming decade. Additionally, investors have become more interested in the stability of their capital, as opposed to high returns. The Australian market is appealing globally because the economy is relatively wealthy, and investments here are perceived to be safer than in other locations.
Rising foreign investment in the property market will impact on domestic investors. According to the Property Council of Australia, global investment could impact positively on the Australian property market, if a healthy balance between domestic and foreign investment is maintained.