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Singaporean investors hungry for a piece of the Australian housing market
In glamorous five star hotels across Singapore every weekend, property investors are lining up to buy a slice of the Australian dream.
Cashed up investors are piling into packed presentations at venues such as the famous St Regis hotel about shiny apartments being built from Sydney to Melbourne. Newspaper ads spruiking waterfront developments are commonplace.
“Buy where the local Australians are buying,” says one ad in Singapore’s Straits Times.
Singaporean investors are being lured by a combination of new, prohibitive taxes on second homes in the island state, record low-interest rates, a strong currency and promises of attractive returns from Australian developers.
‘‘Singaporeans are hungry for Australian property,’’ says Adam Sparkes, director of sales at property developer Crown Group International, which has $3.5 billion in development sites across Australia. Read more . . .
By Eryk Bagshaw
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🏡 Old vs. New Property in Australia 🏡 – Which wins?
Older homes offer potential for value-add but watch out for maintenance costs and energy inefficiency. New builds deliver modern efficiency, depreciation benefits, and minimal maintenance but often at higher prices in ...growth areas. Which would you choose? 🤔
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This marks a pivotal stage in the project, as The Manning’s architectural detail and craftsmanship begin to emerge, offering a first glimpse of the character that will welcome future residents.
✅ Installation of balustrade glazing is now underway.
✅ Scaffolding has been... successfully removed from the front entry
✅ External rendering and painting works to commence
✅ Perimeter scaffold dismantling will progress from upper levels downward, with scheduling dependent on weather conditions.
Stay tuned for big visual changes! 🌟
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