The other main difference regarding property market is Australia is that it is a more 'protected' market.
No it isn't.
Unless you are a citizen or PR, your property investment is limited to new developments (for landed property, that usually means 20 km from CDB).
In Singapore landed property is highly restricted in who is allowed to buy it (more so than Oz) and so are low rise condos.
If you want to sell in resale market, you'll have to sell to PR and citizen .
And HDBs?
Even for new development, your investment is still subjected to assessment by local authority.
I think this keeps the price down for Australian as plenty of foreigner like myself would love to buy a landed property at lower or upper North Shore in Sydney.
What about diving prices here, introduce DPS, stupid highs, remove it. Changes in % deposits needed mandated by Govt.
Singapore property is more protected than Oz, it's just the market here is so stupid it doesn't matter.
Ok, I rephrase. For apartments/condos, the resale market is 'protected'.
