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Jzzowin

147 Posts.

23/10/19

19:34

Post #: 41038214
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Originally posted by Barg ↑

With reference to my above post of ten days ago readers may have watched tonight's 'The Business' on the ABC where agents are reporting a sudden 30%/50% increase in property purchasers from Hong Kong buyers. The report also speculated that, should China exert its authority, there will be a mass exodus of wealthy HK citizens to Australia using business and investment visa's to secure permanent residency. If that transpires it will mean a huge injection of demand into the high-end property sector, which in-turn will filter down to the mid-range market.
I wouldn't expect this bounce to be sustained over a long period, but combined with record low interest rates and continued lack of supply there is the possibility of a mini boom on the horizon - mostly for Melbourne and Sydney.

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." there will be a mass exodus of wealthy HK citizens to Australia using business and investment visa's to secure permanent residency"

Yep, especially those
pro-demon cracy professionals after they have earned enough to make HK not a desirable place to live, all want to come here to live in their queens's land. Another property boom coming, yeah.
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