first_img*Convenient location*Low maintenance*Small yard*New house*Close to schools TOP QUEENSLAND SUBURBS FOR CHINESE BUYERS 1. St Lucia2. Indooroopilly3. South Brisbane4. Sunnybank5. Cairns6. Benowa7. Carindale8. Toowong9. Southport10. Calamvale(Source:, based on online property searches in 2018) MORE NEWS: Live on the Edge “Some of those investors may turn to Brisbane, the Gold Coast, and other parts of Queensland as a natural alternative,” Ms Law said. “Chinese students who turn away from US schools and universities may choose Queensland instead. “Since a lot of the Chinese real estate buying in Queensland is related to housing students, that would have big spill-over effects on local real estate investment.”According to latest data, Benowa and Southport were among the top 10 Queensland suburbs Chinese buyers were searching for property.Ray White Broadbeach agent Sam Guo said there were a number of reasons these two suburbs were more popular than others. Benowa is also a popular suburb among Chinese buyers.“I think the prices are more affordable and the facilities like schools (are appealing),” he said.The Southport School, St Hilda’s School and Benowa State High School were ones Mr Guo said were highly regarded by Chinese buyers.“Also, it’s easy at Southport for them to have the public transport for their kids to go to Griffith University,” he said.More from news02:37International architect Desmond Brooks selling luxury beach villa13 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag2 days ago“Those are the main reasons.”Amir Mian Prestige Property agent Nick Zhang said proximity to schools was one of their number one priorities.“Chinese buyers think about sending their children to good schools,” he said.“Southport has got China Town and the transport is very convenient as well.”He said Hope Island was also a popular Coast suburb among Chinese buyers as it was Foreign Investment Review Board approved. Southport is one of the most popular Gold Coast suburbs among Chinese chief executive Carrie Law said there were a number of reasons Chinese would buy in Brisbane and surrounding areas like the Gold Coast this year.This included strong growth in Chinese wealth, the appeal of solid markets, a lack of other investment opportunities and a possible shift in investment from the US due to the trade war. Ms Law said the trade war was making some Chinese investors increasingly nervous about buying real estate in the US.MORE NEWS: Strong sales start the year right WHAT CHINESE BUYERS WANT The Gold Coast is expected to benefit from an influx of Chinese buyers heading to the sunshine state for property.THE Gold Coast is tipped to benefit from an influx of cashed-up Chinese buyers turning to Queensland for property.Foreign families are buying houses to accommodate the unprecedented number of children studying in Queensland on international student visas.Ahead of the Chinese New Year officially starting next week, buyers have been in the market for big homes close to good schools.And the number of Chinese buyers looking to the sunshine state is set to grow as investors become increasingly nervous about buying real estate in America.New figures from Chinese property portal reveal more than 33,000 mainland Chinese and Hong Kong students were studying in Queensland in 2018 — up from about 21,000 in 2015.last_img

Leave a Reply

Your email address will not be published. Required fields are marked *