Melbourne suburbs that international buyers want to live in revealed - realestate.com.au

The new owners will move in initially and might build a new home eventually.

“Increased migration will have a more significant impact on the rental market than the buy and sell market,” she said. It comes as Canada has banned foreigners from buying residential properties for two years as it faces its own affordability issues. Biggin & Scott Glen Waverley agent Julie Karl said Chinese buyers were attracted to the area for its education prospects, shopping and community.

Juwai IQI group managing director Daniel Ho said two key drivers were where children were studying and where family and friends already lived.Carlton, close to Melbourne University, is a popular suburb for renters. Source: Google Maps“We don’t expect Victoria to lose its Chinese buyer crown to Sydney in 2023,” he said.

BAN all foreigners from buying Australian properties immediately

The great thing about policy set by the business lobby on one side and far left activists on the other is that we're guaranteed 200,000+ new Chindians and Sudanese every year. The former to buy up housing and the latter to rent it with their welfare money.

Bring in canadas law..dont live here cant buy here

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