With the recent withdrawal of Chinese foreign investment, many Singaporean investors have moved on to Australia’s property landscape. Singapore has outranked China as Australia’s foreign real estate investor.

According to Juwai IQI's report, Singaporean investors have acquired $19.3 billion in local real estate over the past two years - putting them several billion dollars ahead of Chinese entities, who accounted for just $13.2 billion of investment over the same window.

“Most big Chinese corporate investors have pulled back from Australia, while those from Singapore have doubled down on the lucky country,” said Juwai IQI executive chairman Georg Chmiel.