Chinese mothers spend million Australia dollars buying villas to accompany their sons! Just to keep up with the joneses? !
School district houses are hot in Australia and at home
On the one hand the investment value is big, on the other hand it can also facilitate buyers’ life.
In Australia, houses near schools are also the heart of every big buyer.
Last year, for example, wealthy Asian investors targeted Brisbane real estate.
More than a billion Australian dollars have been "contributed" to the overall property of Brisbane. And the main investor is the overseas family, who buy real estate for children studying in Queensland.
A total of 24,115 students from mainland China and Hong Kong enrolled in Queensland university and training schools this year, which has also led to a record level of overseas investment in local real estate, Couriermail reported.
Hong Kong investors spent a $97 million on housing and commercial property in the last fiscal year.
China's housing spending in Brisbane soared from a $185 million in 2013-14 to a $698 million in 2016-17.
More than a quarter of the 85,580 foreign students enrolled in universities, schools and training institutes in Queensland this year came from mainland China and Hong Kong, according to the federal education department. They are houses for sale in australia.
This data is a reflection of the need for school district housing.
In a recent home sale, a Chinese mother has paid 1.5 million Australian dollars for a luxury home.
The reason for her generosity is that her children attend local private elementary schools. She comes on an escort visa to care for them
“Asians like their children to study abroad," she said. "they don't like renting, they prefer luxury homes because they want to show people they are doing well."
She could have bought a better house for a better price, but she selected house with a high price just to make people think they're doing well. They are
Only the rich can be so headstrong.
And this type of news is not a few. School district housing is really hot...
Melbourne
The half-built house in Melbourne's waterfront district has sold for more than 2 million dollars. There are cheap houses for sale in Melbourne Australia.
A semi-finished home in Beaumaris, Melbourne, sold for 2.13 million dollars at auction on Saturday, compared to a $1.27 million in 2015, the Daily Mail reported.\
Proximity to schools is a big factor in the rush. There are three primary schools and a new high school nearby.
Sydney
A red brick terrace house in the Carlingford area of Sydney costs a $2,256, 000.
The five-bedroom terrace house in 16 Barellan Ave has excellent lighting, a high roof and amenities like a garage and work area, according to RealEstate.
The bidding began at a $1.8 million, with 10 groups of buyers registering to bid, and a young couple bought it. The house is a school district house, near the Carlingford public school and close to the local shopping center.
Sure enough, the school district house is hot.
$1.25m
Land area545㎡
Presented with a timeless character that successfully blends gifts of its period era with contemporary touches, this beautifully renovated two-storey weatherboard home delivers a classic family experience in Templestowe's premier lifestyle precinct.
24 Viewpoint Road, Balwyn North VIC 3104
For sale $3,190,000
Land area602㎡
This spectacular and imposing brand new 5 bedroom family residence with its contemporary design and fluid layout has been meticulously constructed whilst offering generously proportioned living spaces in a prized pocket in the Balwyn High School zone. Comprising wide entrance and hallway with parquetry flooring, formal living/dining room with recessed ceiling, downstairs bedroom with WIR and fully tiled ensuite, powder room, family/meals zone opening out onto a paved undercover alfresco dining and landscaped garden, a dazzling white kitchen with oversized island bench, 2 Miele ovens, 5 burner Miele cooktop and rangehood, marble benchtops and splashback, low sheen cabinetry, a butler’s kitchen also with Miele appliances and a semi integrated dishwasher.
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