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China Tops as Largest Foreign Buyer of Australian Homes

China Tops as Largest Foreign Buyer of Australian Homes

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Hong Kong peak exodus
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 real estate…
18/05/20220Comments

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australia cities
Australia Market Insights News & Event

Top 10 Aussie cities foreign buyers are enquiring about

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…
16/03/20220Comments

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australia home
Australia Market Insights News & Event

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…
04/03/20220Comments

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