Find Out Which Countries are the Top 3 Foreign Investors in Australia’s Property Market

 Find Out Which Countries are the Top 3 Foreign Investors in Australia’s Property Market

The pandemic has caused investors across the globe to be a lot more diligent with their capital, but Australia has still seen over $15 billion invested in its property market, with 40% of that coming from overseas buyers.

A new report released by CBRE has revealed who are the biggest overseas players in the Australian market so far this year, with office space making up 66% of the total offshore investment.

Offices continue to be the top pick for overseas buyers, followed by industrial (22%) and retail (8%), while Sydney and Melbourne remain the preferred cities for capital deployment, having accounted for 44% and 35% of offshore spending respectively.

CBRE Head of Capital Markets Research – Ben Martin-Henry

So, which countries are the largest offshore investors?

3. China

In third position, and perhaps somewhat surprisingly so, is China. With $800 million worth of capital outlaid by Chinese investors, the country still makes up a sizeable chunk of overseas investment, but escalating tensions regarding recent trade conflicts have soured relations between the two countries.

2. Germany

With $1 billion invested in Australian assets, Germany come in at second place largely due to a recent hefty transaction. In September, German private investment firm Deka acquired a 22-level office tower 452 Finders Street for over $450 million, making up almost half of the total investment from the European nation in the first three quarters of 2020.

1. Singapore

Sitting at the top of the pile however, with a whopping $3 billion invested in Australian property, was Singapore, after the Government of Singapore Investment Corporation (GIC) increased their share in Dexus’ Australian Logistics Trust to 49% in January. CBRE Head of Capital Markets, Chris O’Brien, said that similar deals will continue in 2021.

“What we have seen throughout 2020 is a significant uptick in the number of internal transfers, such as GIC investing more capital into DALT and, more recently, Logos shifting $420 million worth of assets to the Singapore listed ARA Logos Logistics Trust,” he said.

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