Middle-class Asian and Vietnamese buyers of Australian real estate while studying abroad here

The latest statistics show that many middle-class families in Asian countries are always looking to hunt for Australian real estate when sending their children to study here.

The Australian Bureau of Statistics said 9.5 million visitors came to Australia last year, the highest in the country’s history. The largest proportion is China with 1.4 million people (equivalent to 14.7%). 5 other Asian countries in the top 10 countries are Japan, Singapore, India, Malaysia and South Korea respectively. Hong Kong ranked 9th.

About 6.6% of short-term visitors come to Australia for educational purposes (less than 1 year stay). International tourist spending on education has increased by 7%, according to data published from the annual International Tourism Survey of Travel Research Australia.

A group of Vietnamese people are held by Australian Gold Land at a real estate auction in Melbourne.
A group of Vietnamese people are held by Australian Gold Land at a real estate auction in Melbourne.

Education for international students is Australia’s third largest export earner, totaling more than A $ 31 billion (US $ 20.3 billion) per year, according to market research consulting firm. CBD Urbis of Brisbane is released in December 2019.

According to a report by Chinese real estate portal Juwai, in November 2019 Australia was the second most popular country for Chinese people to buy foreign real estate since 2015.

According to Juwai, the factor that motivates Chinese people to buy houses in Australia is the increasing number of students studying here that make parents buy houses for their children.

“Many middle-class families in Asia are getting richer, wanting to send their children abroad to study and choosing to buy real estate there. When the Corona virus outbreak broke out, Australia was definitely one of the options. top picks. More and more people are paying attention to their overseas assets … “, said Chris Hoong Cheong Thard, managing director of Far East Consortium.

Trend of Vietnamese people buying houses in Australia in 2020

In Vietnam, statistics show that the trend of middle and upper class people increasingly sees Australia as an ideal destination when the number of foreign currencies moves to Australia more to the US or Europe.

The rate of capital inflows into the US was high before US President Donald Trump took power, then declined and gradually shifted to Australia because of increasingly harsh US policies, inflation and relative risk. high.

From 2015 up to now, the number of Vietnamese students studying in Australia has been higher and increasingly far away from the United States. One of the legitimate needs is that families often find ways to buy houses in Australia for their children so they can have more stable, safe, private and economical accommodation than renting accommodation. Especially having a home will be more convenient and increase the chances for their children to settle in Australia later.

Australia’s housing market is rated stable and transparent in the world, according to many prestigious organizations and news agencies. In the past 10 years, Australia has attracted the largest number of dollar millionaires in the world, along with more than 430 billion dollars of investment in the latest 2018-2019 fiscal year, which proves the attraction of the country. How is this island nation Kangaroo.

Particularly in Vietnam, in 2019 Australia Gold Land Company (the investor and the largest Australian real estate distribution agent in Vietnam) introduced 11 projects in Sydney and Melbourne with 220 units sold. and deposit more than 70%. It is expected that in 2020, nearly 30% of the remaining apartments will be sold because customers take advantage of the greatly reduced Australian dollar exchange rate to invest and settle in Australia.

If you are interested in buying a house or need an Australian settlement consultant, please contact Hotline 0911 899 595 (Hanoi) – 0911 899 593 (Da Nang) – 0911 899 597 (Ho Chi Minh City) for more information.

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