In comparison, Chinese purchasers spent $2.4bn on 2317 of the nation’s homes in the 2021-22 financial year.
“We expect Chinese investment in Australian real estate to climb at least 30 per cent in 2023 compared to 2022,” Mr Ho said. PropTrack data shows Chinese-based searches for Victorian property at realestate.com.au increased 42.88 per cent in the last financial year, compared to the previous 12 months.PropTrack economist Anne Flaherty said China’s zero Covid policy ending in January “helped the bounce-back” in demand for Australian property.
Jellis Craig Doncaster director Chris Savvides said some purchasers were prepared to splash an additional 10 to 20 per cent on a house with zoning for a well-regarded school, adding tens of thousands – and occasionally hundreds of thousands – a sale.16 Rembrandt Dr, Wheelers Hill,Ms Jones said the parents bought the home for their adult daughter, with the aim of living there together.was snapped up for $1.823m by a family who only inspected for the first time on Saturday.
“It was purchased by a pair of first-home buyers who are getting married in January,” Mr Nardella added.