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When choosing the best location for investment in Melbourne, many would often prefer to go to the East and South Eastern of Melbourne, especially Asian migrants with kids. For several reasons, investors are flocking to Melbourne's East and South Eastern a haven for property buyers. Here are some of the famous South Eastern suburbs which are highly sought after in Melbourne, Australia: Toorak, St Kilda, Hawthorn, Glen Iris, Kew, Balwyn, Camberwell, Glen Waverley, Doncaster, Boxhill, Claufield and Clayton.Bottom of Form. There are several reasons why people may prefer to invest in these suburbs: Reasons to invest in Melbourne: Growing Population Good Transportation Education Lifestyle Strong Capital Appreciation & Rental Demand 1. Growing Population The population of Melbourne's East & South Eastern suburbs has been growing steadily over the years. This can be attributed to the development of established infrastructure and amenities in the area. 2. Good Transportation The East & South Eastern suburbs are well-connected to the rest of Melbourne via a network of major highways, including the Monash Freeway and Eastlink, and public transportation. The area also has several train stations, a tram system, and bus services, providing convenient access to the city and surrounding neighborhoods. Also, some of the suburbs are near the CBD; this makes it suitable for residents and renters to commute to the city for work or leisure, increasing the area's desirability. 3. Education The East & South East suburbs are home to some of Melbourne's best schools and universities, including Monash University, Deakin University, Haileybury College, Melbourne High School, Balwyn High School, St Catherine's School & East Doncaster Secondary College. Unless you are staying in the suburbs, chances to get into these schools would be tough. Hence, many families with school-aged children prefer to stay near those suburbs.   4. Lifestyle The East & South Eastern suburbs offer a lavish lifestyle, with access to beautiful parks, beaches, and recreational facilities. Plenty of shopping malls, such as Chadstone Shopping Center & Westfield Doncaster, and many dining options exist. This makes these suburbs more appealing to residents and investors, especially young professionals and families.   5. Strong Capital Appreciation & Rental Demand Due to the influx of migrants, few new developments can be found in these suburbs. Hence, property prices are getting extremely expensive here. With property values increasing steadily over the years and the demand for property growing, the East and South Eastern Suburbs are an attractive opportunity for investors to make capital gains and generate rental income on their investments. Overall, Melbourne's East and South Eastern a haven for property buyers not only cater to owner-occupied but also present a lucrative investment opportunity for property investors seeking solid returns and a promising future. If you want to explore the property around these suburbs, please contact me. This article was written by Mandy Chen.  Looking for your townhouse investment in Melbourne, Australia? IQI is here to address all your queries! [hubspot type=form portal=5699703 id=2380afe3-ad4c-4cfa-9abf-d3947e377bf2]

When talking about Australia, many people will definitely think of Melbourne.   Melbourne is the Australian state of Victoria's capital and most populous city and the second-most populous city after Sydney.   Being considered the country's cultural capital, Melbourne is consistently ranked as one of the most liveable cities in the world - it has been named Australia's most liveable city and the 10th in the world in the Global Liveability Index 2022.   Here are several reasons why Melbourne is such a great place to study, work and live! Reasons why Melbourne is a great place Multi-Cultural Population Weather Safety Education Culture and Arts Food and Drink Beauty of Nature Public Transport 1. Multi-Cultural Population Melbourne has an incredibly diverse population, with people from around the world migrating and living here. The city is home to over 140 different cultures. Not only will you meet people from various backgrounds, but you’ll also be able to experience a massive range of multicultural events and celebrations in Melbourne.    2. Weather  Melbourne has warm summers, lovely springs, mild autumns and cold winters. Melbourne is also known for having four seasons in one day, where you can experience the weather transition from sunny to cold in the same day. Also, the city hardly suffers from high levels of air pollution, which are common in other major cities around the world.  3. Safety Generally, Melbourne is considered a very safe city, with typically low crime rates. In the 2021 Safe Cities Index, it was ranked 9th in the world for overall safety and was rated as having 'very high' safety across security on digital, health, infrastructure and personal aspects. The city also has a world-leading healthcare system, which includes world-class public and private hospitals, medical facilities and dental services.    4. Education Melbourne is home to a number of Australia’s top universities and six of the world’s best universities, along with plenty of globally renowned academics and researchers. The University of Melbourne is rated as the number one university in Australia by the Times Higher Education World University Rankings 2022 and Academic Rankings of World Universities 2022. More than 100,000 students enrol in Melbourne universities every year, making it a great place to live for students and academics alike.    5. Culture and Arts Melbourne is well known for its vibrant arts and culture scene, with world-class museums, galleries, theatres, along with all the opera performances, concerts and festivals. The city hosts many cultural events throughout the year, including the Melbourne International Arts Festival and the Melbourne International Film Festival.  6. Food and Drink Melbourne is renowned as an entertainment hub, with a wide range of restaurants, cafes, bars, clubs and markets serving delicious cuisine from around the world. The city is particularly famous for its coffee culture, with many local roasters and specialty coffee shops. There are many hidden laneway bars, which are fun to hang out.    7. Beauty of Nature The city has many stunning outdoor settings, from beaches to parks and waterways. Relax in the summer sun on calm bay beaches across Melbourne, such as St Kilda Beach, Port Melbourne and the colourful landmark bathing huts at Brighton Beach. Many beautiful parks and gardens, such as the Royal Botanic Gardens and the Fitzroy Gardens, or stroll along the Yarra River. The city also has an extensive network of bike paths and walking trails along Yarra River, offering a balanced and healthy lifestyle.    8. Public Transport Melbourne’s public transport system is one of the best in Australia, with a sprawling 250km of tram lines passing through the CBD and its surrounding areas. The city also provides a Free Tram Zone, allowing you to hop on and off as you like. Besides trams, the city has an extensive network of trains and buses servicing the outer suburbs.   Overall, Melbourne is one of the most exciting and vibrant cities with diverse cultures and work-life balance lifestyle. It's no wonder the city consistently ranks as one of the most liveable cities in the world! This article was written by Mandy.  Looking for your second home or property investment in Melbourne, Australia? IQI is here to address all your queries! [hubspot type=form portal=5699703 id=2380afe3-ad4c-4cfa-9abf-d3947e377bf2]

Have you ever thought of investing in Australia? Land investment doesn’t seem as simple as buying a house, although it indeed seems attractive to some investors. However, there are many types of lands, procedures, and regulations. No worries, we have sorted out a to-know-list just for you on how to purchase land in Australia! Types of land Types of land ownership Required documents for land purchase Can I purchase land if I'm a foreigner? 5 things to know before buying land 1. Types of land in Australia Land can be classified into various types based on the purpose of usage. Most commonly is the residential, commercial, industrial, and agricultural type. On top of that, there are urban, cropland, forestry, mining and so on. Agricultural land is one of the big ones in Australia as they are known to be a major agricultural producer in the world. It covers over half of the land in Australia and has directly employed around 304,000 people across 86,000 farms.     2. Types of land ownership The most common type that can be seen in most countries are freehold and leasehold. Other than that, there are two unique types of land in Australia: Crown land and native title land. Crown land It is regulated by state government legislation, and it is to serve a wide range of public purposes, such as community hall and government services, so make sure you check with the local authorities to avoid any violation of rules. Native title land The other one is native title land, and the name speaks for itself. It is exclusively reserved for Australian local natives, and it covers nearly 40% of land in Australia.   3. Required documents for land purchase There are two documents that are crucially important: Certificate of Title & Sketch Title. Certificate of Title It is an official land ownership record, you can find current ownership information in the copy. It should include the following: current ownership details, volume and folio, survey plan number and type, numbers for encumbrances and notifications, and if there is a caveat against the title. Sketch title This is a document showing the legal boundary and survey dimensions of the land. Nowadays it is included on the plan as a scanned image instead of a hand drawn sketch like in the old days.     4. Can I purchase land in Australia if I’m a foreigner? Definitely YES. However, there will be slight differences in the procedures and requirements depending on the type of land that you are purchasing. Take residential land as an example, since it is the most common type for foreign buyers. The authority that you will want to go to for non-resident property purchases would be the Foreign Investment Review Board (FIRB). Without their approval, you can be fined up to AUD$157k and 3 years in prison, and agents who are found breaching the FIRB rules will also face penalties. Here are some rules and regulations to follow according to FIRB: A fee of around AUD$6350 needs to be paid per application, and this amount is only for land value that is less than $1 million Construction needs to be completed within 4 years for the acquisition of vacant land for residential development Not allowed to sell the land until the construction is complete An annual vacancy fee will be applied if the property is not residentially occupied or available for more than 183 days during a year     5. 5 things to know before buying land in Australia Choosing the site Depending on your budget and purpose, you will need to find an appropriate location that meets your needs. The climatic conditions of the site and services, such as electricity and water, and the cost and time it would take to access these utilities need to be taken into consideration as well. Conditions of the site Land features and site conditions can affect the layout or design of the house and will have an impact on the cost of building as it requires different amounts of work preparation. You need to check on the type of soil, how the soil is distributed across the block, the height of the water table and see if there are any trees or rocks contained in the soil. It is suggested that you employ an expert who can assist you in determining whether the block you want to buy will involve a lot of site work, according to the criteria mentioned above. Requirements of the local authority or council Always make sure you are up-to-date with the authority’s planning aspects, policies, and any special by-laws in the land area. There might be some restrictions on the materials that you can use, the style of your house etc. Not only that, but you should also check on everything that might affect your enjoyment of the property, such as road construction, which can cause noises or unpleasant smells. Dividing fences The Dividing Fences Act 1961 requires owners of adjoining land to pay half the cost to erect a “sufficient fence” between their properties, no matter whether the land is vacant or has been built on. Make sure that the agreed details among the owners are written and signed by all parties. Do note that, the retaining walls forming part of the dividing fence are regulated by the relevant local authorities and are not covered by the Act. Contract for buying land in Australia The standard contract for buying land is called an Offer and Acceptance contract. With that, there will be a copy of the Joint Form of General Conditions for the Sale of Land. When making an offer, you might need to consider the total amount you are offering to pay, nominate the payment and settlement date, and state if you need a loan or not. Any special terms and conditions need to be inserted as well.   Buying land involves lots of effort and procedures. One must be aware of all the requirements requested by the local authority to ensure your benefit. Choose the right agent, top brand doesn’t always mean the best. IQI can definitely help you with land purchasing! With our professional team and well-trained agent, be it residential, commercial, or any land that you’re looking for, we will make sure we sort out the best one just for you. [hubspot type=form portal=5699703 id=2380afe3-ad4c-4cfa-9abf-d3947e377bf2]

Australia is made up of fascinating advantages in terms of climate, education, food safety and lifestyle, which attracts many people from all over the world to study, work, buy houses and migrate to the country. The number of immigrants in Australia is rising every year. The Australian Bureau of Statistics released overseas migration data showing that the number of immigrants dropped to 146,000 in the year 2020-21 from 507,000 due to the pandemic. According to the numbers, most Australian immigrants come from China. There are so many Chinese immigrants, but in which areas are they most populated? Gold Coast AN attractive LOCATION FOR CHINESE IMMIGRANTS According to the local property website realestate.com.au, the most searched Australian areas by Chinese buyers are the Melbourne suburbs of Glen Waverley, Gold Coast, Brisbane, downtown Melbourne and the Melbourne suburbs of Toorak. Aside from Melbourne, Gold Coast is the one of the most attractive areas for Chinese migrants - a location that's sunny all year round, with great weather, beautiful beaches, stunning nature and perfect for vacation, making it one of the best locations to live and retire.   1. Slow-paced and colourful life Gold Coast is a well-known vacation destination, which is why it has a slow-paced lifestyle, known to be naturally suitable for retirement. There are a variety of outdoor activities, such as golfing, yacht sailing, safari, theme parks, and a variety of restaurants and cafes. For shopping, the Gold Coast also has an spacious local shopping mall called Pacific Fair. With this kind of relaxing life at their disposal, those looking for a break from the hustle and bustle of the big city life would turn to Gold Coast as a location to migrate, retire or study.   2. Well-equipped healthcare facilities Whether you're coming to the Gold Coast to migrate, study or retire, a hospital or medical center remains a necessity for everyone. The Gold Coast University Hospital (GCUH) is the third largest hospital in Queensland and has one of the busiest emergency departments. It was also voted one of the "10 best hospitals in Australia" by Statista, a global data research company. Other hospitals or medical centers include the Robina Hospital, Varsity Lakes Day Hospital, Southport Health Precinct and more. Medical facilities are conveniently available within reach, making it easy for anyone to access medical treatment when they need it.   3. First-class education hub Although Gold Coast is a vacation destination, it is also home to many educational institutions. As an Australian city, the quality of education and training resources are known to attract many international students to study here. Gold Coast topped the QS World University Rankings as the "World's Best Beachside City to Study in" in 2016. Over 200 international and domestic education and training institutions, including Griffith University, Bond University, and Southern Cross University, have ranked in QS World University Rankings 2023. Local primary and secondary schools also have high educational quality and academic standards, as reflected in their performance on The National Assessment Program - Literacy and Numeracy (NAPLAN) exams in 2021. According to the latest NAPLAN results, the top 5 performing elementary schools on the Gold Coast are The Southport School (TSS), Somerset College, AB Paterson College, St Hilda's School, and Broadbeach State School. The top performing secondary schools in the NAPLAN are Somerset College, All Saints Anglican School, AB Paterson College, Emmanuel College, and St Hilda's School. In addition to the general environment of education and the development of schools in Australia, the Gold Coast government also places importance on the development of student organizations and international education concepts. The government has invested in student activity centers, medical and educational special zones, gradually becoming the preferred destination for international students.   4. Housing market growth due to expanding population As more people move to the Gold Coast to work, study and live, coupled with affordable local housing, real estate experts predict that the local population will likely increase by 38,000 residents per year in the future, reaching an eventual 928,000 residents by 2041. With such a steadily growing population, the demand for housing on the Gold Coast will continue to increase. According to the Australian Institute of Urban Development, although the Gold Coast has a denser housing layout than Brisbane and Adelaide, the current development appears to be in short supply given the local population growth trends. According to PRD Real Estate Australia, from September 2021 to March 2022, the median house price in Gold Coast grew by 21.8%, while the median unit price grew by 9.1%. As for rentals, the median house rent rose to $720 AUD per week; 3-bedroom houses recorded the highest annual rental growth rate of 18.2% to $650 AUD per week. 3-bedroom units recorded a yearly rental growth rate of 20% to $600 AUD. If you are planning to invest in a property on the Gold Coast, you may want to consider houses or apartment units with more bedrooms. Combined with the various local developments, the Gold Coast is a good location for investment, retirement and study. With various advantages over other popular cities in Australia, Gold Coast is the ideal place to live if you wish to live a relaxed and tranquil life. The Gold Coast may be your dream destination! To learn more about life and property on the Gold Coast, IQI Australia can help you! They have a wealth of experience in investing, buying and selling houses to help you find your dream home! [hubspot type=form portal=5699703 id=2380afe3-ad4c-4cfa-9abf-d3947e377bf2]