The one Australian state Asian real estate buyers will be flocking to after the pandemic

The one Australian state Asian real estate buyers will be flocking to as they hope to invest in property

  • Chinese property website Juwai IQI expecting foreigners to buy in Queensland
  • Executive chairman Georg Chmiel said Australia better to invest in than UK, US
  • The Foreign Investment Review Board has released new data on property buys 

Queensland is expected to be the next big thing in real estate for cashed-up buyers from China and across Asia.

The Sunshine State, stretching from the Gold Coast to tropical areas beyond Cairns in the far north, still lags behind Victoria and New South Wales when it comes to foreign acquisitions of residential property.

Juwai IQI, a Chinese property website geared towards international buyers across Asia, is expecting foreign demand for Queensland property

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Australian Home Prices May Rebound on Low Rates, Easy Credit

(Bloomberg) —



a house with trees in the background: Residential properties stand along a street in Brisbane, Australia, on Tuesday, May 7, 2019. Australian central bank chief Philip Lowe dashed expectations of an interest-rate cut, looking through recent weakness in inflation to hitch the policy outlook to a labor market that he says remains strong.


© Bloomberg
Residential properties stand along a street in Brisbane, Australia, on Tuesday, May 7, 2019. Australian central bank chief Philip Lowe dashed expectations of an interest-rate cut, looking through recent weakness in inflation to hitch the policy outlook to a labor market that he says remains strong.

Australian home prices may have bottomed out and could be set to rise through the end of the year on the back of lower interest rates and easier credit, according to Bloomberg Intelligence.

Property prices have fallen just 3% since the Covid-19 crisis began, defying concern of a steeper slide. A plan to ease responsible-lending rules and mounting speculation for further loosening of monetary policy in coming months may unleash a wave of borrowing, Bloomberg Intelligence analyst Mohsen Crofts said in a report Wednesday.

What Bloomberg Intelligence says:

Video: IMF sees less severe global contraction (Reuters)

IMF sees less severe

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