Australia has for the first time moved to the top of the buy list for cross border investors in Asia Pacific according to CBRE’s Investor Intentions Survey 2016.
The report analyses the outlook and appetite of APAC real estate investors for the rest of the year. It shows that overall buying intentions remain positive with around 80% of survey respondents indicating they plan to buy at a similar level to, or more, than 2015.
Australia is in poll position, with 25% of cross border APAC investors viewing Australia as most attractive destination for their capital. Australia leapfrogged Japan to take out the lead ranking, up from 2nd place last year.
Collectively, Australia, Japan and China were favoured by 60% of respondents as the top three investment markets in the APAC region.
Sydney led the city rankings and was nominated by 15% of respondents as the most popular city for investment – or par with Tokyo and ahead of Shanghai.
CBRE Head of Research, Australia, Stephen McNabb said the findings were supportive of another strong year for investment in the Australian commercial property market.
“With APAC accounting for three quarters of the capital inflow to Australian real estate last year, this means we can once again expect firm investment volumes in 2016. Chinese and South Korean investors both expect to remain net purchasers this year, which will ensure continued strong inflows from these particular markets,” Mr McNabb said.