PHOTO: The Gold Coast appeals to a lot of buyers, including those from Hong Kong. Picture: Glen Anderson – We Are Gold Coast Source: Supplied
House hunters from Hong Kong are increasingly targeting Australia as their preferred place to live but what they are looking for is very different to most other overseas buyers.
People from Hong Kong pushed to breaking point by China’s strengthening grip on the former British territory are increasingly seeking out Australia as a potential new home, new data reveals.
Amid the introduction of a draconian new security law by Beijing, and the Morrison Government’s offer of Australian work rights with a path to citizenship for residents in the territory, interest in Aussie property from Hong Kong has spiked.
The political unrest, which dramatically escalated in June last year, boosted interest in Australian real estate by as much as 34 per cent year-on-year, on Australia’s leading property platform realestate.com.au.
Due to the latest developments, search activity from Hong Kong has peaked by as much as double that again.
Interest in property in Victoria has lifted by 25 per cent, year-on-year. In NSW over the same time frame it has grown by 36 per cent, in Queensland by 38 per cent and in Adelaide by 65 per cent.
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