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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 right applicants. Otherwise,…

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australia home

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 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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