PHOTO: Chinese buyers Australia. FILE

A staggering number of foreign buyers have bought into Australia’s property market in recent months, but the reason why might surprise you.

According to experts, Australia is a prime destination for foreign property buyers due to its stable political climate, strong economy, and attractive property market.

The country’s economic growth has remained steady over the years, with low unemployment rates and high levels of foreign investment. Additionally, the Australian government has implemented various initiatives to encourage foreign property investment, such as the Significant Investor Visa program and the Foreign Investment Review Board.

Foreign property buyers are also drawn to Australia’s diverse range of properties, from apartments in urban centers to large rural estates. The country’s high-quality infrastructure, excellent healthcare, and world-class education system are also major selling points.

Experts predict that demand for Australian property will continue to grow, particularly from buyers in Asia, who are increasingly looking for stable and secure investment opportunities abroad.

Overall, Australia’s stable political environment, strong economy, attractive property market, and high quality of life make it an appealing destination for foreign property buyers.

Why Chinese buyers are choosing Australia – according to NEWS.COM.AU

Peter Li, principal of the Plus Agency in Sydney, says there are three reasons why Australia’s property market is so attractive to Asian buyers.

The first and most obvious factor is the country’s education opportunities, with the boutique Sydney Residential Projects specialist using his own migration story as an example.

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“Mum and dad just suddenly kicked me out of my house and they said ‘go to Australia’ … so I came here for school, and then when I finished school, I helped my parents migrate and I got married and got a job here,” he said.

“So for me, I bought a property and I bought a property for mum and dad.”

The Chinese community that’s been established in parts of Australia is another element drawing foreign buyers to the country.


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But the most surprising factor which entices this group to choose Australia is the minor time zone difference between AEST and the time in Asia.

“Melbourne, Canberra, Sydney and China are only about two hours apart,” Mr Li explained.

“So if they‘re buying a property and have a business running, the UK or the US is going to be harder to manage because there is a larger time difference.”