Following the reopening of Chinese borders, homebuyer enquiries have risen substantially.
According to Juwai IQI co-founder and group managing director, Daniel Ho, Chinese homebuyer enquiries in Australia were 126% higher in the first quarter than in Q4 of 2022.
“The first wave of buyers to arrive after China’s borders reopened in January were those who already had Australian permanent residency but were unable to travel during the three years that China was locked down.
“The next wave is the students who are returning to Australia to learn. Chinese enrolments are still about one-third lower than before the pandemic, so there is still plenty of growth left in that category.
“These arrivals will mean more demand for rentals and one and two-bedroom apartments in the areas where these students traditionally concentrate.”
Read more: The Property Tribune
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