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Home prices boom in three-quarters of top global cities during the pandemic: Juwai IQI report
Property prices have boomed in three out of four top global cities during the pandemic, as changing preferences for housing, low interest rates, and increased savings drive up buyer demand and prices, according to a new report from the Chinese property portal Juwai IQI. Juwai IQI Group co-founder and executive chairman Georg Chmiel said Australian…
Australia’s already hot property market could hit new highs when borders reopen
New analysis from Asian real estate platform Juwai IQI shows that while some capital cities have experienced double-digit price growth on the back of record stimulus, their experience has been ‘mild’ in comparison to overseas. “In Australia, owners have benefitted from significant increases in value. The higher prices make it harder on buyers, but they…