Above: Beijing International Property Expo 2013.

Over a third of affluent Asians own an investment property overseas according to HSBC, with Australia ranked as one of the top destinations.

According to research conducted by market research firm RFi for the British banking giant, 9 per cent of affluent Chinese, 19 per cent of affluent Singaporeans and 26 per cent of affluent Malaysians currently invested in Australian property.

The research shows that amongst the future investment in Australia, affluent Asians are likely to favour smaller property markets such as Queensland and ACT over the larger markets of NSW and Victoria.

Of the affluent Asians looking to buy in Australia in the next year, 25 per cent intend to buy in Queensland, 23 per cent in ACT, compared to 20 per cent in Victoria, 18 per cent in New South Wales followed by 16 per cent in Western Australia.

HSBC’s Australian head of mortgages Alice Del Vecchio said that access to universities, holiday homes in Queensland and the large public service sector in Canberra may also be a drawcard for affluent Asian investors.




 

 

..... According to research conducted by market research firm RFi for the British banking giant, 9 per cent of affluent Chinese, 19 per cent of affluent Singaporeans and 26 per cent of affluent Malaysians currently invested in Australian property.”.

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