Australia FIRB fee likely to weigh on home prices and property investment

Analysts said the investment fee hike by Australia for foreigners may be untimely considering the heightened risks of inflation, global recession and declining home prices in the country. Canberra doubled the Foreign Investment Review Board (FIRB) application fees on Friday last week, with the maximum set at A$1.045 million (US$730,000) for deals worth more than A$2…

03/08/20220Comments

Australia Market Insights

10 Costs For Buying Property In Australia

Ever wonder about the overall cost of buying real estate in Australia? When it comes to buying property in Australia, you might be wondering, what are those costs, and how will they affect the bottom line? As a general rule, besides the 10% deposit, you need to pay for an off the planned project (i.e.…

08/07/20220Comments

Australia Market Insights

Top 5 Cities in Australia with the most Overseas Chinese!

Australia - one of the world's most livable countries, world's best country to retire, world's happiest country, and also has the world's most livable city! Australia's social security, quality of life, affordable housing, inclusive culture, high levels of healthcare and education are among the best in the world - attracting people all over the world,…

04/07/20220Comments

Australia Market Insights News & Event

Migration is part of a complex chess game in construction, housing

Juwai IQI’s Group Managing Director, Daniel Ho, pointed to the observation of Infrastructure Australia, which says the demand for builders is 48 per cent higher than supply. “Australia needs more training programs to develop workers locally and it needs more migrants to fill the gaps,” Mr Ho told Australian Property Investor Magazine. “When it comes to the…

04/07/20220Comments

Australia Market Insights News & Event

Lily Chong Column: How to help our next generation own their homes

Any support and assistance from our Government is always a bonus. We Australians are very blessed to have a government that is innovative and always finding solutions to help the people it serves – especially for our younger generation and first homebuyers. Despite all good intentions however, I think it is crucial to select the…

16/06/20220Comments

Australia Market Insights

Move to West Perth, Australia! Discover West Perth’s hidden advantages

When it comes to Australia, cities like Sydney, Melbourne, Victoria, and Perth tend to come to mind. Perth, in particular, being the capital of Western Australia, is listed in the top ten list of the world's most liveable cities. In fact, some are so familiar with the city to the point where it gets mistaken…

15/06/20220Comments

Australia Canada Market Insights News & Event

Hong Kong hitting ‘peak exodus’. Experts say UK, Canada, and Australia winners of Hong Kong’s loss

Hong Kong's "peak exodus' has led to an influx of Hong Kong citizens flooding real-estate markets across the UK, Canada, and Australia. Besides, according to Knight Frank's The Wealth Report 2022, the top three locations Hong Kongers are hoping to purchase homes are the UK, Canada, and Australia. Derek Tse, business development manager of the…

18/05/20220Comments

Australia News & Event Thailand

Where are Chinese property investors buying now? Why Thailand and Australia are booming, from Regal Azzura in Queensland to Bangkok’s The Livin Ramkhamhaeng

The newly released annual report by Australia’s Foreign Investment Review Board shows a significant drop in foreign applications to invest in Australian property. One surprise trend is that Queensland, accounting for 21 per cent of investment approvals, has risen in the popularity stakes to now rank second behind Victoria’s 37 per cent. Traditional front runner New…

18/05/20220Comments

Australia News & Event

Foreign investor appetite for Australian commercial property grows

Daniel Ho, Juwai IQI co-founder and group managing director and The Property Tribune contributor, said the demand for residential real estate was down thanks to the pandemic and associated restrictions. He also noted that it is harder to finance a purchase in Australia as a foreign buyer given stamp duties are high along with foreign investment application…

13/04/20220Comments

Australia News & Event

Foreign Investors Double Down on Australian Assets

Juwai IQI co-founder Daniel Ho said the reform was very welcome and the latest results show the country remains very attractive to foreign buyers. “Overseas demand for residential real estate is down because of Covid and related restrictions,” Ho said. “It is also down because it is now harder to finance a purchase in Australia,…

13/04/20220Comments

Category: Australia

Australia FIRB fee likely to weigh on home prices and property investment

10 Costs For Buying Property In Australia

Top 5 Cities in Australia with the most Overseas Chinese!

Migration is part of a complex chess game in construction, housing

Lily Chong Column: How to help our next generation own their homes

Move to West Perth, Australia! Discover West Perth’s hidden advantages

Hong Kong hitting ‘peak exodus’. Experts say UK, Canada, and Australia winners of Hong Kong’s loss

Where are Chinese property investors buying now? Why Thailand and Australia are booming, from Regal Azzura in Queensland to Bangkok’s The Livin Ramkhamhaeng

Foreign investor appetite for Australian commercial property grows

Foreign Investors Double Down on Australian Assets

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