John McGrath, the Australian real estate mogul, has said that while Sydney and Brisbane are leading the recovery of the east coast market, buyers can still get "great value" before prices rebound in s 展开
John McGrath, the Australian real estate mogul, has said that while Sydney and Brisbane are leading the recovery of the east coast market, buyers can still get "great value" before prices rebound in some places. McGrath has said Fairfield is a good place to buy property for those looking for capital growth, as the local infrastructure is expanding and it remains one of the most affordable areas of Sydney for migrants, with its vibrant family community. He has also pointed out that the region will benefit from proposed new railway lines and economic growth in western Sydney. McGrath also believes immigrants, particularly those from China, will be a key factor in pushing up house prices in Sydney. He said: "Migrants tend to rent first, but with Sydney's vacancy rate just over 1.4%, it is likely newcomers are accelerating their first home buying."The reason why Chinese immigrants will push up house prices is mainly due to their large population and high demand for housing. Chinese immigrants are usually looking for affordable and convenient places to live. As the population of Chinese immigrants in Sydney is increasing, the demand for housing is also increasing, creating an imbalance in the market. This has resulted in an increase in the price of houses in Sydney, as the supply cannot keep up with the demand. Additionally, due to the increasing population of Chinese immigrants in Sydney, new construction projects have been initiated in the city, which has also contributed to the increase in house prices. Furthermore, the increasing number of Chinese immigrants in Sydney has led to the need for more amenities, such as schools, shopping malls, and recreational areas, which in turn has driven up prices. Thus, the influx of Chinese immigrants is one of the main factors driving up house prices in Sydney. 收起
