Australia is the second most transparent real estate market in the world - at least according to the JLL Global Real Estate Transparency Index 2006. 
JLL's head of Australasian research, David Rees, said evidence over a number of years pointed to a correlation between market transparency and investment volumes.
Globally Australia sits between the UK, the No.1 market now battered by Brexit, and Canada and the US. In Asia Pacific it rates above New Zealand at No.6, Singapore (11) and Hong Kong (15).
The index is compiled every two years and measures transparency on metrics such as market data availability, governance, transaction processes, property rights and the regulatory and legal environment.
Dr Rees said that as capital allocations to real estate grew, investors demanded further improvements in transparency.
"Technology is allowing a more forensic assessment of real estate market patterns, allowing for greater analysis of transparency levels across markets while the rapid growth of cross-border investment means that investors place a big premium on accurate and information," he said.
JLL also noted improvements in other markets in the Asia-Pacific region, such as Taiwan, South Korea, Indonesia and Japan.