PHOTO: Prestige Sydney homes could be in demand from Chinese buyers obtaining permanent residency. Photo: Peter Braig
One group of international buyers looks set to keep searching for high-end homes in Australia despite the curbs on cross-border purchases.
Participants in the significant investor visa program, which allows a pathway to permanent residency in exchange for a $5 million investment in Australian business, are expected to be buying over the near term.
The program began in late 2012 and requires visa holders to lock up cash in shares or another business for a minimum of four years.
Experts say the visa has been popular with Chinese applicants, such as business people who want to split their time between China and Australia.
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