Australia’s already hot property market could hit new highs when borders reopen

New analysis from Asian real estate platform Juwai IQI shows that while some capital cities have experienced double-digit price growth on the back of record stimulus, their experience has been ‘mild’ in comparison to overseas.

“In Australia, owners have benefitted from significant increases in value. The higher prices make it harder on buyers, but they need only look at Los Angeles and Montreal to see that things could have been worse. In those two cities, prices surged at about triple the rate as in Sydney,” Juwai IQI chair Georg Chmiel told Business Insider Australia.

According to Juwai IQI analysts, pent-up demand, the strength of the market, and the return of students and regular transaction levels will all push Chinese investment to recover.

Read more: MSN-Australia | Business Insider Australia | The Australian Financial Review

Source: MSN-Australia | Business Insider Australia | The Australian Financial Review

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