PHOTO: Australia is ranked as one of world’s most stable places to invest in real estate. Photo: Louise Kennerley.

Australia is considered one of the most stable countries in the world for real estate investment, a new global survey has found.

While the Lucky Country didn’t rate as one of the best nations for capital growth, it was ranked by foreign investors as the fifth-best country for stable and secure real estate investments.

It came in behind the United States, Germany and Canada in the 26th annual member survey conducted by the Association of Foreign Investors in Real Estate (AFIRE).