More cashed-up foreign buyers purchase Australian property, with those from China, Hong Kong and India topping the list.
While many of those overseas buyers are investors who have cash to splash on luxury apartments in Melbourne and Sydney, real estate agents say it's becoming more common for families overseas to buy property for their children who want to study and work in Australia and eventually become permanent residents.
#ABCBusiness #property #foreigninvestment
Subscribe: ab.co/1svxLVE
ABC News provides around the clock coverage of news events as they break in Australia and abroad. It's news when you want it, from Australia's most trusted news organisation.
For more from ABC News, click here: ab.co/2kxYCZY
Watch more ABC News content ad-free on ABC iview: ab.co/2OB7Mk1
Go deeper on our ABC News In-depth channel: ab.co/2lNeBn2
Like ABC News on Facebook: / abcnews.au
Follow ABC News on Instagram: / abcnews_au
Follow ABC News on X (Twitter): / abcnews
Note: In most cases, our captions are auto-generated.
#ABCNews #ABCNewsAustralia
21 авг 2024
