By Farah Wahida:
Despite a more cautious sentiment from real estate investors, Malaysians are setting their sights on overseas properties, reported The Borneo Post.
“Today’s investors are more savvy and receptive of the idea of investing in international properties to tap opportunities away from home,” said Seulyn Wong, a Property Investment Strategist at Ironfist Australia.
The driving force behind this is the availability of specialist property firms that help investors acquire real estate in other countries. Typically, these companies provide research, support and facilitation to clients so that they can quickly act on an offshore acquisition.
In fact, she has personally handled many Malaysian investors in the past two year. Apart from the traditional favourite Melbourne, property hunters have also ventured in Perth, Sydney, Brisbane and Adelaide.
“Territory is no longer the inhibition, they go where opportunities exist.”
Moreover, even Malaysian banks are providing mortgages for Malaysian buyers planning to invest in overseas property. For instance, Maybank has launched loans for properties in Melbourne and London.
Thanks to the availability of such financing scheme, the number of Malaysians investing in other countries is expected to increase.
Meanwhile, most people in Australia prefer to live in an apartment rather than a house, revealed Australia’s latest census.
“With the rising cost of transportation, people want to live near to where they work. They no longer wish to spend too much time on congested roads and be stuck in heavy traffic,” she noted.
“Even retired couples are selling their traditional large homes. They want to be able to ‘lock and leave’ to go for frequent holidays and not to be bothered with gardening and house maintenance.”
Despite a more cautious sentiment from real estate investors, Malaysians are setting their sights on overseas properties, reported The Borneo Post.
“Today’s investors are more savvy and receptive of the idea of investing in international properties to tap opportunities away from home,” said Seulyn Wong, a Property Investment Strategist at Ironfist Australia.
The driving force behind this is the availability of specialist property firms that help investors acquire real estate in other countries. Typically, these companies provide research, support and facilitation to clients so that they can quickly act on an offshore acquisition.
In fact, she has personally handled many Malaysian investors in the past two year. Apart from the traditional favourite Melbourne, property hunters have also ventured in Perth, Sydney, Brisbane and Adelaide.
“Territory is no longer the inhibition, they go where opportunities exist.”
Moreover, even Malaysian banks are providing mortgages for Malaysian buyers planning to invest in overseas property. For instance, Maybank has launched loans for properties in Melbourne and London.
Thanks to the availability of such financing scheme, the number of Malaysians investing in other countries is expected to increase.
Meanwhile, most people in Australia prefer to live in an apartment rather than a house, revealed Australia’s latest census.
“With the rising cost of transportation, people want to live near to where they work. They no longer wish to spend too much time on congested roads and be stuck in heavy traffic,” she noted.
“Even retired couples are selling their traditional large homes. They want to be able to ‘lock and leave’ to go for frequent holidays and not to be bothered with gardening and house maintenance.”
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