Australian real estate lures investors seeking alternative income
JADA NAGUMO
TOKYO -- Investors hunting for some safe haven income are turning to Australia's growing real estate sector, boosting companies that help them direct their money into loans to property developers.
The country's robust but predominantly inwardly focused economy, contained inflation and growing population make it a safe and stable investment destination with lower levels of volatility, according to Zagga, a player in the country's private real estate credit market.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles

Nikkei Asia
2 hours ago
- Nikkei Asia
Apple invests $500m in rare earths producer MP Materials
Apple said the MP investment is part of its $500 billion commitment to the United States. © Reuters (Reuters) -- Apple said on Tuesday it would invest $500 million into rare earths mine operator MP Materials MP.N, as the iPhone maker seeks to localize its mineral supply chain. The investment is part of a broader push to bring the production of its coveted iPhones to the United States and boost U.S. manufacturing amid a push from the Trump administration to cut reliance on China. Rare earths are a group of 17 metals used to make magnets that turn power into motion. China halted rare earths exports in March following a trade spat with U.S. President Donald Trump that showed some signs of easing late last month, even as broader tensions underscored demand for non-Chinese supply. Shares of Las Vegas-based MP Materials jumped 10% to $52.37 in premarket trading. MP last week agreed to a multibillion-dollar deal with the U.S. Department of Defense to boost output of rare earth magnets and help loosen China's market control. Apple said the MP investment is part of its $500 billion commitment to the United States. The agreement includes plans for Apple to purchase U.S.-made rare earth magnets from MP Materials' Texas facility. It would be the first supply deal for MP's magnets since the financial backstop agreement with Washington. MP already produces mined and processed rare earths and has said it expects to start commercial magnet production in Texas facility by the end of this year. The two companies would build another factory in Texas to produce magnets and a new recycling facility in Mountain Pass, California, near the company's existing mine. Last week's deal with the U.S. government includes a price floor for rare earths, designed to spur investment in domestic mines and processing plants, which has been lagging partly due to low prices set in China.

Nikkei Asia
2 hours ago
- Nikkei Asia
Trump claims trade deal with Indonesia, says 'details to follow'
U.S. President Donald Trump announced the deal on social media on Tuesday morning. © Reuters WASHINGTON (Reuters) -- President Donald Trump said on Tuesday that the United States had struck a trade deal with Indonesia. "Great deal, for everybody, just made with Indonesia. I dealt directly with their highly respected President. DETAILS TO FOLLOW!!!" Trump said in a post on Truth Social.

Nikkei Asia
3 hours ago
- Nikkei Asia
Uber, Baidu to deploy self-driving taxis in Asia, Middle East
A Baidu driverless Apollo Go taxi, seen in the Chinese city of Wuhan. © Reuters (Reuters) -- Uber and China's Baidu will partner to deploy thousands of Baidu's Apollo Go autonomous vehicles on the Uber platform across several global markets outside the United States and mainland China, the companies said on Tuesday. The first rollouts are expected in Asia and the Middle East later this year, the companies said.