AUSTRALIA’S largest property market is booming with a host of properties listed for sale across the region.

Aussie property investors are putting their money where their mouths are in Southeast Asian capitals, as more properties go on the market.

The average price for an apartment in Bangkok was up 4.7 per cent year on year in October to about $1.6 million, according to data compiled by real estate brokerage KPMG.

The national average price of an apartment is up 3.6 per cent to about US$2.1 million.

But in Singapore, the average price increased 3.5 per cent last month to about Rp1.8 million, and in Hong Kong, it rose 3.2 per cent.KPMG also said the number of properties available for sale in Hongkong, Singapore and Singapore rose by 4 per cent in the past month.

In Malaysia, the number rose by about 10 per cent, and property prices increased 3 per cent for apartments.

But property buyers and sellers are keeping their fingers crossed for a recovery in the housing market.

KPM Gervais said in the coming weeks, it would be hard to tell what the exact recovery rate will be.

“We expect the number and pace of properties going on the rental market will be much lower in coming months than we saw in the previous year,” he said.

The real estate market is currently on a tear, with sales volumes in Australia exceeding 100 million units a month.

More than 40 per cent of that total is coming from Singapore, which is ranked the world’s top rental market, and Singapore is the top destination for foreign buyers, accounting for almost a quarter of all sales.

Malaysia is the biggest seller of properties in Southeast Asians, with more than half of all apartments sold there going to investors from abroad.

In the past year, more than 20 per cent (11,000) of all listings in Southeasts market have gone to foreign buyers.

Foreign buyers account for almost half of the new apartments being built in Southeastasia.

Most of the rest of the listings are in the Philippines, Vietnam and Thailand.

The Australian Government has pledged to make the market more attractive for foreign investors, with a number of incentives for investors.

For example, foreign buyers are eligible to receive a 30 per cent discount on property taxes, a discount of up to 10 per or 30 per of their purchase price, a 10 per-cent discount on electricity rates, and up to $300,000 in cash incentives, according the government.

Foreign buyers can also get a discount on the annual maintenance of their property, which can range from about $10,000 to more than $150,000.