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Western Australia’s property market holds strong during COVID-19

Western Australia’s property market holds strong during COVID-19

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Australia's property market
Australia Market Insights News & Event

Western Australia’s property market holds strong during COVID-19

Western Australia’s property market is holding its own, seemingly unperturbed by the COVID-19 pandemic gripping the country. Amid the unprecedented impacts of coronavirus, Perth agents say it’s yet to impact the local housing market, with an influx of sales including a Dalkeith mansion that sold for $14 million last week. Director of IQI Australia Lily…
18/02/20220Comments

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Australia border
Australia Market Insights News & Event

As border restrictions fall, will rents and prices take off?

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…
14/02/20220Comments

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Australia Market Insights

Curious to know about Australia’s real estate market trends as of 2021?

Australia has entered a roadmap out of Covid-19 lockdowns, and the real estate industry has attracted significant benefits. Housing transaction volume and prices are flying; Australia has its most significant increase in 30 years. Affected by factors such as ultra-low interest rates, loose credit policies, government stimulus measures, and record savings…
15/10/20210Comments

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Australia Market Insights News & Event

Home prices boom in three-quarters of top global cities during the pandemic: Juwai IQI report

Property prices have boomed in three out of four top global cities during the pandemic, as changing preferences for housing, low interest rates, and increased savings drive up buyer demand and prices, according to a new report from the Chinese property portal Juwai IQI. Juwai IQI Group co-founder and executive chairman Georg Chmiel said Australian…
13/08/20210Comments

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Australia Market Insights News & Event

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…
12/08/20210Comments

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Australia

Mainland Chinese investment in Australian real estate surged by 16%

Mainland Chinese investment in Australian real estate surged by 16% according to the latest data from the governmental Foreign Investment Review Board. Chinese invested AU$7.1 billion in Australian residential and commercial real estate in the year 2019-20, up from $6.1 billion a year earlier. Including Hong Kong, Chinese investment totalled $9.5 billion. “Australia depends on…
30/06/20210Comments

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