It is a known fact amongst real estate agents, immigration agents, Investment Visa holders, economists and most of the Australian population, that the Chinese are leading the charge when it comes to snapping up property in Australia for investment.
However, a recent survey conducted by a portal of www.realestate.com.au’s parent company, the REA Group, has revealed that Singapore and Malaysia are quickly jumping on board and understanding the value of property investment in Australia. The survey showed that Australia is the first choice for international property investment from buyers in Singapore and Malaysia and the third choice for Hong Kong investors. These results are confirmed from the 2014 financial year statistics that more than $7 billion was spent on investment property in Australia by Singaporean, Malaysian and Hong Kong buyers.
The attraction to Australia as opposed to other destinations is for a number of reasons:
