Lily Chong, Director of IQI Australia’s Perth-based real estate agency, which has strong international market connections, said a combination of migration, education, holidays and investment would have major implications for the property sector.

“Look for a tightening of rental availabilities in suburbs most attractive to students and foreign expats and growing transaction volumes for new developments in the major cities, as foreign buyers snap up newly built homes.”

“Property prices in Perth will fare better in 2022 than last year, while markets in Sydney, Melbourne, Brisbane and the Gold Coast are likely to continue to grow in 2022 but at a declining rate.

“Sydney and Melbourne are the top destinations for foreign buyers, followed by Brisbane, Gold Coast and Perth,” Lily said.

 

For the full story, read on: Australian Property Investor