Hong Kong protests fuel buyer interest in luxury Australia, New Zealand homes

Hong Kong buying enquiries for expensive Australian and New Zealand homes have r...

SYDNEY - Hong Kong buying enquiries for expensive Australian and New Zealand homes have ramped up due to anti-government protests in the Chinese-ruled city, according to property agents and real estate data, as wealthy investors look for a safe haven.

She said the protests in Hong Kong had “accelerated the motivation” in the past month for wealthy buyers to look for residential properties to move their money into. Juwai.com, China’s largest international property website, recorded a 50% increase in Hong Kong enquiries for Australian properties in the past quarter.

Under the program, people can obtain a provisional visa if they invest at least A$5 million into complying investments in Australia.Another factor behind the spike in buying enquiries in Australia and New Zealand is the economic impact the protests are having on the Asian financial hub, which is now facing its first recession in a decade.

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