Australia's competitive advantage is the rule of law. This is the main reason it and places like Canada are valued by foreigners buying real estate. Australia

Australia's competitive advantage is the rule of law. This is the main reason it and places like Canada are valued by foreigners buying real estate. Australia is particularly valued as the only non-city-state country with close to perfect rule of law and predictable individual rights in Asia, i.e. a relatively short flight away from the homes of the current buyers. Fancy taking a punt on the direction foreigner investment rules are taking in the next ten years in Indonesia? Arguably, Singapore's and Hong Kong's economic success stems from similar concerns.