Chinese buyers are again and again interested in the Australian housing market – a new survey shows that the purchase of real estate is part of their travel plans when they leave on holiday.
Australia is the top destination for 27% of Chinese tourists who plan to buy a property abroad next year, according to a survey by the property portal, Juwai.
This is surprising given that the number of Chinese buyers has declined since 2016, according to the study.
Among Australian destinations, Sydney and Melbourne remained the most popular, but the demand for properties on the Gold Coast should improve considerably.
Read also: The Appetite of the Chinese for Australian Property Returns
"On the Gold Coast in particular, in the last two quarters, inquiries from Chinese buyers have increased to double digits, its prices are relatively affordable, and the infrastructure and investment are substantial," said Juwai. . Spokesman Dave Platter told The Australian Financial Review.
Queensland real estate markets tend to be seasonal, with many buyers considering buying a property when they are on vacation.
"They are really looking for and could come back to buy, but we always hear about buyers coming in and buying in. A lot of agents rent a van, drive families and show them to the highlights local, "said Platter.
These buyers are generally looking for new developments, particularly because of the change in the rules governing home purchases by non-residents.
"Australia attracts a very large number of Chinese students.The purchase of a student who will study here is one of the most cited motivations among our buyers ", did he declare.
Chinese buyers are also looking for a place to retire – the Juwai survey revealed a 50% increase in the number of surveys on properties for retirees during the first half of the year.
Top suburbs:
pourquoialla
,
North Epping
,
Campsie
,
Flemington
,
Kawana
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