A recent report reveals that investors from abroad are ruling the rental housing property market of Australia. The said report shows that 30% share of the apartment market across the main cities of the country, which is equivalent to 13,000 apartments in 37 projects across the nation, have been grabbed by foreign investors.

Meanwhile, a concerned person was quoted as saying that there had not been any domination of overseas investors in Australia since the period of the late 1980’s and the early 1990’s. During the period of the late 1980s, companies from Japan invested their money in developing offices in the country. At present, investors from Singapore possess 92% of all the apartments being built or developed by foreign companies. Besides, there are investors from other significant nations, which include Malaysia, Hong Kong, Korea and China.

The person added that it closely follows the current flows of Asian funds to the commercial Australian property sector. Moreover, 51% of all overseas investment into commercial Australian property and 19% of all activities regarding transaction across the nation is the contribution of Asian developers.

Apart from this, these overseas developers have also widened their investment to cover other destinations, which include Brisbane, Gold Coast, Perth, Adelaide and Sydney. Melbourne and Sydney — these two are the biggest markets for investors, which account for 79% of overall apartments demand.

However, the said report shows that overseas investors prefer Melbourne over Sydney when it comes to the purchase of apartments.