A journalist from The Sydney Morning Herald contacted me in mid-June to find out more about the recent trend of Singaporeans snapping up Australian properties. The article “Singaporean investors hungry for a piece of the Australian housing market” was finally published in the paper on July 26, 2014. It is about Singapore property buyers flocking down under for properties because of restrictive measures at home, a strong Singapore dollar, record low interest rates and the promise of attractive return from Australian developers.
While browsing through the article to find the quotes from me, the brutal truth pointed out by the journalist caught my attention:
1. How the Australian locals see Singaporeans going after their properties targeted for foreigners; and
2. How different are the facts on Australian properties being presented to Singapore buyers.
How Australians see Singapore buyers
According to the Australia foreign investment laws, non-residents can only …