HK Residents Interested in Australian Property
Residents in Hong Kong are showing increased interest in Australian property, with for sale searches rising 14.1 per cent and rental searches up 4.1 per cent in the 12 months to June. The substantial increase in purchasing real estate could indicate expats seeking a return home as Hong Kong's political instability and the global health pandemic pushes many to reassess, although strong international border closures have impacted on search activity in recent months. Also, Searches from the UK have seen an uptick. They rose 6.7 per cent and 11.3 per cent on property for sale and for rent respectively. The top origin for overseas for sale searches are the US, Hong Kong, New Zealand, Singapore, China. Australia having handled the virus better than many other countries, has resulted in a quicker economic recovery. This could make Australia an attractive destination for new migrants to reside in or purchase an investment.
Tags : INTERNATIONAL