Reuters India, 15 Jul 2009, Eriko Amaha
From individuals to institutions, Asian investors are setting their sights on Australia. China, in particular, has shown strong interest in Australia, as highlighted by state-owned metals firm Chinalco's plan to invest in Australian miner Rio Tinto.
Overseas investors accounted for 12 percent of total transactions in Australia in the first half of this year, up from around 9 percent in 2008, according to CBRE.
"What they are seeing is Australia probably is a safer bet, where returns will be more secure and safe because of the transparency," Butler said. "Whereas no one wants to go into markets that are decimated like Singapore at the moment which is suffering from massive oversupply."
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