More Thais look to Australia

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Australia developer Crown Group is promoting its new, mixed-use luxury development in Sydney, and there is growing interest from Thai buyers.

Eastlakes Live (pictured) will feature 134 luxury apartments, 15 retail outlets and resort-style health and fitness facilities.

Iwan Sunito, the Chairman and CEO of Crown Group, told ThailandProperty.News: “Australia is a burgeoning market for those from Thailand, and Thailand is one of the fastest growing investor markets.”

“With the Thailand-Australia Free Trade Agreement, there are enhanced prospects for services trade and investment with a more streamlined regulatory and investment market.”

Sunito said the Australia is attracting real estate investments like never before, as interest rates continue to drop and more credit is available, creating what he described as an ideal property market.

“We definitely see increasing interest and therefore number of buyers from Thailand,” he said.

“Thai parents are also sending their children to schools in Australia and deciding to purchase homes for them, which provides a smart investment opportunity.”

Crown Group’s Director of Sales, Roy Marcellus, added: “Having fitness facilities within the building appeals to the health-conscious because they no longer need to be a gym member or leave the building to exercise, saving time and money at the same time.”

He also added that owners and investors are likely to benefit from the five-star facilities.

“For savvy investors, such amenities actually hold value for a lot longer time and become one of the unique selling points in the Sydney property market nowadays.”

Stage one of Eastlakes Live will include 134 luxury apartments ranging from one-bedroom apartments to penthouses and 15 retail outlets below.

The development is scheduled for completion in 2021.

A range of one, two- and three-bedroom apartments are now being sold with prices from THB 16.5 million.

Andrew Batt
The author of this article is Andrew Batt, the founder and editor of Andrew has been writing about property and real estate issues in Thailand and Southeast Asia for more than 10 years. He has worked for PropertyGuru Group, DDproperty, Dot Property Group, Hipflat and AsiaRents. He has also produced content for leading Thailand property developers and real estate agencies.

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