Desirable homes in Jingili, Karama and Anula are attracting 30-40 groups to open homes, with many selling within 3 weeks, says Glenn Grantham, general manager Raine & Horne Darwin.
Australia still a property hot spot for Chinese buyers
Chinese investors are finding new ways to finance real estate purchases in Australia, with 40 per cent saying they would use vendor finance to buy property over the recent Golden Week holiday period, according to Jon Ellis of Investorist.
Cameron Kusher of CoreLogic says creating better connectivity between the cities and regional areas and allowing more flexible working arrangements could all improve housing affordability.
Demand for real estate is showing no signs of letting up. Despite a record-breaking number of properties going to auction last week, CoreLogic's weighted average national clearance rate was still exceptionally strong, with preliminary figures coming in at 78.6 per cent.
Other lenders fill the gap as big four clamp down on foreign borrowers
Though the big four banks have clamped down on lending to foreign nationals, other lenders have moved to fill the gap, and the share of properties bought by foreign nationals in the Australian market ticked higher at the end of 2016.