Singaporeans' interest in Australian property wanes

Singapore

SINGAPOREANS are still buying property in Australia but their interest has dwindled slightly, given the abundance of residential options back home.

Julian Sedgwick, head of sales and marketing for high-end property developer Crown Group Australia, said that if the recent sales performance at the group's mixed-use project, Waterfall, is a good proxy, Singaporeans seem to be holding back from international property purchases partly due to the abundance of options in their own domestic property market.

In a recent interview with The Business Times, he said: "Singapore is a tougher market at the moment for internatio…