{"id":30478,"date":"2021-02-03T17:05:05","date_gmt":"2021-02-03T04:05:05","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=30478"},"modified":"2021-02-03T17:05:05","modified_gmt":"2021-02-03T04:05:05","slug":"why-australian-property-is-still-a-popular-choice-by-chinese-buyers","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/why-australian-property-is-still-a-popular-choice-by-chinese-buyers\/","title":{"rendered":"Why Australian property is still a popular choice by Chinese buyers"},"content":{"rendered":"

PHOTO: Chinese buyers\u00a0<\/strong><\/p>\n

What is driving Chinese interest in Australian property in the beginning?<\/h3>\n

Chinese buyers<\/a> have been an essential part of the Australian property the landscape for several years \u2013 but why has Australia been a popular choice among these buyers?<\/p>\n

Due to China\u2019s current housing situation, Chinese residents do not purchase a property; they decide to lease a property for up to 70 years.1<\/sup>\u00a0As housing in China is mostly small apartments, consisting of up to only 2-bedrooms, these apartments can be priced up to $1.6 – 2.4 million Australian dollars.<\/p>\n

With the belief of the Chinese viewing property ownership as a status symbol, it has led them to venture to other countries for the opportunity to invest and expand their horizons, with Austalia as one of the popular choices.<\/p>\n

While many property sectors have been heavily affected during the beginning of the COVID-19 pandemic, data from Chinese property portal \u201cJuwai IQI\u201d presented interest in the Australian market is growing and growing.2<\/sup>\u00a0 With investment prices such as $500,000 to $950,000, a family from China can own an Australian property that consists of four bedrooms, a veranda, a backyard and a spacious basement.<\/p>\n

Besides the appeal of Australian real estate\u2019s price, what other factors is pulling Chinese property buyers?<\/strong><\/h4>\n