Australia for 26 consecutive years to achieve economic expansion, the employment rate remained low, safe and secure environment of property allocation, attracted numerous overseas buyers flocked to. Li Ka-shing, the Chinese richest man, laid out Australia as early as 1999, covering real estate, winery, gas and other fields. In 2017, Li Ka Shing spent 40 billion Hong Kong dollars to increase investment in Australia, further indicating the direction for home buyers, Australia has great potential for development.

Australia has long been one of the most competitive real estate markets in the world. Highly transparent housing market, sound real estate laws and regulations, permanent property rights, luxury hardcover, low vacancy rate, space price, quality education and social welfare to boost population growth … These factors have greatly enhanced the attractiveness of Australian real estate.
Housing market confidence survey: Victoria prospects are more optimistic, high residential transactions
A new survey from the ANZ / Property Council shows the outlook for the Melbourne-dominated property market in Victoria is now more bullish. Property prices are expected to continue to rise and construction activity to be even more active. In November last year, the number of new residential projects approvals in Victoria increased by 37.9% in order to meet the massive demand for housing.
In addition, it is worth noting that a large number of first-time homebuyers are flocking to the property market in Victoria to drive home prices up. It is reported that the total number of first-time home buyers in Victoria in the second half of 2017 is more than 2 times of the same period in 2016. According to the Australian Bureau of Statistics data, the number of first-time homebuyers approving credit in Virginia last year reached 3,527 in November, the highest since the end of 2009. For the foreseeable future, first home buyers will be a strong driver of the boom in Victoria’s housing market.