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Australian government rebates foreigners up to $50,000 to buy a new home

Lily Chong, the Perth-based Australian head of Chinese property portal Juwai IQI, said overseas buyers had started looking past the COVID-19 pandemic and were planning for when travel restrictions eased. Chinese buyers are being lured back to the Australian property market by generous government rebates of up to $50,000 on a new home. “Australia will…

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National Rental Affordability Scheme

Lily Chong: Understanding the National Rental Affordability Scheme (NRAS) and Why Tenants Love It

Lily Chong from IQI WA shares her insight into the National Rental Affordability Scheme (NRAS) and why this is so attractive to rentals. Recent statistic from the Real Estate Institute of WA indicated Perth vacancy rate has plummeted to 2.2% low, which is below the 3% rate in Sydney where there is a recognised “housing shortage”. Affordable rental homes…

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Australia's property market

Western Australia’s property market holds strong during COVID-19

Western Australia’s property market is holding its own, seemingly unperturbed by the COVID-19 pandemic gripping the country. Amid the unprecedented impacts of coronavirus, Perth agents say it’s yet to impact the local housing market, with an influx of sales including a Dalkeith mansion that sold for $14 million last week. Director of IQI Australia Lily Chong, says…

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Manage Finances

Fresh Grads Still Don’t Know How to Manage Finances (Why is That?)

If you have successfully obtained your first job after graduation, congratulations! It is an astounding achievement that you've accomplished. Now that you've put in the work in your education, traversing through mountains of quizzes, exams and assignments, you're finally ready to get your start on the 'adult life' everyone's been raving about. But with great…

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Australia border

As border restrictions fall, will rents and prices take off?

Lily Chong, Director of IQI Australia’s Perth-based real estate agency, which has strong international market connections, said a combination of migration, education, holidays and investment would have major implications for the property sector. “Look for a tightening of rental availabilities in suburbs most attractive to students and foreign expats and growing transaction volumes for new developments…

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