Malaysians keen on investing in commercial properties in Australia

In high demand: The skyline of Melbourne. The Australian property market remains attractive to Malaysians due to its strong underlying economic fundamentals, including a record-low interest rate environment.

PETALING JAYA: Malaysian investors in Australia will most likely focus on commercial properties with the implementation of new tax rates targetting foreign buyers of residential real estate, according to Knight Frank Australia.

The property consultancy, which recently organised a roadshow to gauge investors’ sentiment, noted that the Australian property market remained a key attraction for Malaysian investors despite the recent changes to the country’s property tax law.