Australia: Push towards inner-city living

AUSTRALIA has been one of the popular markets for Singaporeans looking to buy a home overseas. Like Singapore, Australia benefits from high legal and regulatory transparency and low sovereign risk.

The country continues to resonate with investors due to its consistent growth through economic cycles, transparent financial system together with sound political and legal frameworks.

Notwithstanding the Asian financial crisis of 1997 and the global financial crisis (GFC) of 2008, the Australian economy has enjoyed uninterrupted annual economic growth. With the property market being tied closely to the economy, it is therefore of little surprise that Australia remains a very popular investment destination for real estate.