According to Juwai IQI’s Top Countries 2020 report, the Australian market is the second most popular destination for Asian property buyers, accounting for 13.7 per cent of buyer activity.
“Asian buyers from the Philippines, Malaysia, South Korea and Japan all increased their buyer activity in 2020, despite the pandemic. Much of this was interest displaced from the United States, Canada and the UK,” the report said.
According to the report, Melbourne, Sydney and Brisbane were deemed the most sought-after cities for foreign buyers to invest in in 2020, in that order.
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