Asian property buyers cautious over australian optimism

Asian property buyers are cautiously optimistic about buying in Australia, according to a new report.

Research by iProperty finds that most investors in Singapore, Malaysia, Indonesia and Hong Kong are keen to buy property Down Under, but most are planning to wait at least two years to sign on the dotted line.

The Asia Property Market Sentiment Survey Report notes that Singapore and Malaysians are particularly keen on private condominiums and serviced apartments, while Indonesians prefer landed property.

Georg Chmiel Managing Director and Chief Executive Officer, The iProperty Group, comments: "Cautious optimism seems to be the phrase that describes the Asian property market in 2014. Despite economic upheavals, especially due to the tapering US economy, capital flows have been somewhat steady in the Asian markets. For overseas property, most respondents would only consider purchasing two years from now. Australia is consistently the second choice for property investment in all countries surveyed."

OPP Connect has a full run-down of the findings