Foreign homebuyers spent over $250M on Perth properties in 2023 Q1-Q3, primarily from China, Hong Kong, Malaysia, and Thailand.

Foreign homebuyers spent over $250M on Perth properties in 2023 Q1-Q3, with Western Australia being the top destination for Chinese, Hong Kong, Malaysian, and Thai buyers. However, only 5% of the $5.3B spent by foreign buyers on Australian residential property was in the west. The Juwai IQI report notes that Australia remains the top choice for Asian investors.

June 16, 2024
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