According to realestate.com.au, wealthy Chinese buyers flew to various Melbourne suburbs to buy houses during the New Year holiday. Chinese New Year Golden Week is also the peak period for Chinese buyers to look for a house to buy. They will use this holiday to travel abroad. CBD, Point Cook, Doncaster, Southbank and Toorak are expected to see many Chinese buyers.
During Chinese New Year last year, a Chinese buyer bought three Kew properties for $ 12 million in just 24 hours. Georg Chmiel, executive chairman of foreign real estate company Juwai IQI, said Australia is the number one destination for many big tourists, who spend an average of 12.6 days in Australia.
“During the Chinese New Year holiday, the official forecast is that more than 7 million Chinese will travel overseas. This is a time for them to visit relatives and friends in Australia. Compared with the same period last year, the number of Chinese traveling overseas during the holiday period this year increased by 11%. Half of Chinese tourists to Australia visit Melbourne, with an average of about 656,000 people per year. Chmiel said Chinese buyers want to buy a house in Australia while retaining a house in China. Barry Plant Point Cook partner Ray Harb said buyers are looking for homes close to good schools, close to a variety of living facilities and in Chinese communities. Victoria has long been popular with foreign buyers. In the 2018-19 financial year, Australia’s censored home sales Among them, 46% are foreign buyers.
