In fact, the Chinese people must have a long-term sense of buying a house. Since ancient times, Chinese people have always believed in the concept of “there must be a house”, and the family’s residence will also become a symbol of status and status.

In modern society, the Chinese house is not just a place to live. It has become synonymous with hukou and school registration. In large cities, for the sake of an account or being allocated to a good school district, there is no shortage of family members to buy a house.

But in Australia, most young people in the area like to rent rather than buy a house. They think that the house is not a necessity.

Authoritative survey shows that Australians in Australia still focus on home purchase
According to a 2017 St. George Property Investor Survey, Chinese-born Australian residents valued property ownership. Chinese people who have acquired Australian identity are 23% more likely to buy a house in Australia than Local! And it’s easier to start with a brand new property.

The survey found that about 75% of Australians own property, which is 10% higher than the national average. Another 79% plan to change their living conditions in the next 5 years, the national average of this category is only 59%.

The reason why Australian-born Australians actively buy homes is related to their families. Among them, 94% believe that the sense of stability in their own homes is very important to the family, and 93% of them said that they own the property so that they have confidence in the family’s future.

Ross Miller, general manager of St.George Banking Services, said: “Chinese culture is family-oriented, and Chinese-born Australians have always placed the family in a very important position. Even more so in real estate—their motivation for buying houses, or Hopefully, this is reflected in the family’s assistance in purchasing the first property.”

Chinese immigrants came to Australia between the ages of 20 and 44. During this period, buying a home was considered a top priority in life. Of them, 44% will receive some form of help from their family and friends, and 15% will directly give money to their parents.

“What makes us feel interesting is that they almost always seek a stable family life,” Miller said.

Australian media: Do not buy a house now, and can’t afford to buy a house in the future
Some Chinese who have just fought in Australia have been reluctant to ask their families for help because they have insufficient funds at their disposal. They often drag their purchases to later say that they think of coming to Japan….

However, the recent report of the Australian media has made the “no family” cool in half…

The report pointed out that the Australian Bureau of Statistics data analysis shows that the average increase in wealth of Australians approaching retirement is seven times that of Australians aged 25 to 34.

The main reason for this phenomenon is that the elderly have more real estate such as real estate.

At this stage, the average wealth value of Australians aged 55 to 64 is 1.24 million Australian dollars, which is an increase of 844,000 Australian dollars since 2000. The average wealth value of Australians aged 20-30 is only AU$269,000, which is an increase of only A$120,000 compared to 2000.

The reason why such disparate data will appear is that there is a wealth gap between people who have houses and no houses in 20 years.

The house is more than just a visible, tangible property that can be used to live and rent. Holding it for a long time, as housing prices continue to rise, individual assets will increase exponentially. This is also why the elderly who bought a room when they were young, today’s wealth will grow so fast.

The problem that Australian young people currently have no real estate in the future may face is that if they can’t find other better and more effective investment methods, their economic conditions when they retire may be quite bleak.

The problem that may arise at that time is that not only do you have no housing and no money for retirement when you retire.

Therefore, it is still early to buy a house. The sooner you buy a house on the agenda, the sooner you can get a return on this investment behavior.

More and more Australians want to buy home as soon as possible
According to a survey conducted in Australia, two-fifths of people think that it is a good time to purchase real estate. Nearly one-third said they plan to purchase a home this year. Including small rooms for large rooms, buying investment rooms, relocating to new areas and purchasing first suites.

YouGov Galaxy Poll conducted a survey that included more than 1,000 respondents with extensive distribution of age and gender. The results show that the younger generation is particularly optimistic about the purchase of real estate. Nearly half of the people born between 1983 and 2000 have plans to purchase homes this year.

These respondents included renters, adult children living with their parents, loan buyers, and people who already had full ownership of the property.