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Property News | Emerging Foreign Market | Uocmas News
18th February 2016

News.com.au is reporting that an emerging market of potential purchasers is growing from South East Asia.

Buyers from Singapore and Malaysia have set their sights on Australia. The Asia Property Market Sentiment Survey conducted by property portal  indicates that Australia was the first choice for foreign purchasers from both countries in late 2015.

According to the research, buyers from Singapore are looking at a median property price within $1-1.5 million and Malaysians at a price point of $170,000 - $270,000. Malaysia and Singapore were the fourth and fifth largest source countries for approved Australian property invesetment after China, the United States and Canada.


"Whilst the Chinese remain the top foreign market in Australia, these new reports indicate that other Asian markets should be considered for a targeted approach to property sales," says Jeremy Byrne, Executive Director, Uocmas.


For the full article, visit .

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