Zac Efron to stay in Australia despite split with Vanessa Valladares

Zac Efron is not ready to move back to the US just yet, even though he has parted ways from his Australian girlfriend, Vanessa Valladares.

The Baywatch actor felt like the split was inevitable and he was not ready to be serious with the waitress.

"Zac broke things off with Vanessa recently. It just didn't feel right to him anymore," a source told PEOPLE.

Despite his breakup, Efron plans to stay in Australia.

"Zac will still stay in Australia. He just loves Australia so much," the sources added. "He is working and busy with several upcoming projects. He is happy, healthy and enjoying life."

Earlier, the news of his split was confirmed by friend Kyle Sandilands.

"...they've gone their separate ways," Sandilands said. "[There was] no drama. It's done. He's back to work."