A loophole in Australian property rules has helped overseas developers invest what industry executives believe were record levels in the country in 2015, casting doubt over the efficacy of curbs intended to keep a lid on soaring prices.
Median values for Sydney homes rose by around A$82,000 for the year to A$800,000 (US$583,000), while Melbourne put on A$60,400 to A$610,000. The recent slowdown in prices follows efforts by regulators to tighten lending standards for property investment with the aim of keeping annual growth in loans at 10% or less.
Singapore's Urban Redevelopment Authority released flash estimates for the change in Singapore private home prices during the fourth quarter of 2015:
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