The Gold Coast residential market is well on the mend after $33 million in prestige homes sold in the past week and foreign buyer inquiries doubled in the past three months. While the city's recovery had been in motion since the start of the year Ð after it was flattened
NEW relaxed visa regulations reopen the door for Chinese property investors, according to real estate experts. The new system, coming into effect on July 1, will reduce the existing eight student visa types to two Ñ one for students and one for student guardians. Chinese student renters are another channel
A new visa system that opens the door to _primary-school students and their guardians to come to Australia is set to boost housing demand by Chinese buyers. Data from REA Group shows visits from China-based property seekers declined sharply early this year, but that is likely to pick up when
Chinese buyers have taken centre stage on Australia's property scene following an exponential surge in real estate investment from offshore markets. China is by far the biggest foreign buyer of residential and commercial property, proposing $24.3 billion of spend in 2014-15 Ð more than triple the United States and six
Visits from property seekers based in China declined sharply in the first four months of this year, data from REA Group shows, confirming a slowdown of Chinese buying in Australia due to concerns about lending restrictions and tax changes. sther Yong, director of Melbourne-based ACproperty.com.au, is having mixed responses from
AC Property has earmarked the sales potential of student renters from China. It suggests developers and agents can build a database of potential sales contacts that will buffer any property market downturn. New research from AC Property shows that 56 percent of rental enquiries from these students request property purchasing
Demand for properties from offshore Chinese buyers is expected to hit record highs in 2016, new data shows. But there could be some cracks ahead for this surging segment of the market. Chinese property portal ACProperty director Esther Yong said the typical offshore Chinese buyer is Ògenerally not [a] big
Australia's cooling housing market did not stop Chinese property investor inquiries jumping 87 per cent in 2015, new data from online property giant Juwai.com show. "A lot of Chinese buyers are now looking for alternative funders for example HSBC, Bank of China or smaller credit unions," Chinese online property portal
The Australian state of Victoria said on Wednesday it was more than doubling taxes on foreign property buyers in a move reflecting growing public concern over the volume of Chinese money flowing into the local real estate market. ÒDoubling the tax within a year makes foreign buyers feel very unwelcome,Ó
Property experts have blasted the state government over its plan to hike stamp duty for foreign buyers, accusing it of discrimination and warning the move could undermine confidence in the local property market. Esther Yong, director of Chinese language real estate website ACProperty.com, has hit out at the state governmentÕs