If I am forced to choose a country to migrate to, my choice would be the UK and not Australia. There are multiple reasons but let’s just put it as personal preference. According to a survey by PropertyGuru reported by Bernama, in terms of Malaysians thinking about investing in overseas properties, their preference would be Australia, Singapore, Indonesia and the United Kingdom. Perhaps I have yet to attain that stage, that’s why I did not choose Australia yet. Sorry, Singapore is definitely out. I need big space, not just ever taller buildings built close to one another.
Why do they love to invest in overseas? The factors include better rental yields (56 per cent), strong capital appreciation (55 per cent) and “better environment” as well as retirement (both at 46 per cent). These factors are then followed by children’s education at 36 percent. The survey was done in collaboration with Added Value-Saffron Hill, a Singapore-based independent professional research agency. The survey aims to help consumers and property agents understand the local property market to make better business and buying decisions.
I disagree with some of the results from the survey because rental yields for Malaysian properties is definitely not lower than many of the countries stated. The reason is because property prices in many of these countries have increased more than Malaysia. Of course due to the cooling measures, the prices have come down. This is perhaps one reason they the investors believe that the strong capital appreciation would continue. Retirement is however a very good reason, I find it tough to walk outside the office these days because of the heat. Surely Australia or the UK would provide me with a better alternative.
Oh yeah, if I were to send my children to further their studies, the choice is clear. Haha. Sorry for being ‘unfair.’ I prefer British universities. Thus, if I could afford a unit overseas, it would be in the UK. Perhaps not necessarily be London. Why not Bristol instead? Happy reading and understanding these surveys but do remember, our property investment should be determined by ourselves. Following exactly what a survey says may not be the best actions possible. Have a nice day.
written on 5 Apr 2016
Next suggested article: Greater London, severely unaffordable. Start thinking of Greater KL