Vietnamese are buying more property in Australia
A Vietnamese real estate firm spent $6 million to acquire an apartment project in Racecourse in the Kensington area of Melbourne. This was the first time a Vietnamese company has developed a project in the Australian housing market, competing with leading investors in the region.
In March, Vietnam and Australia officially inked the CPTPP, which will increase investments between the two countries.
Nguyen Le Van from IWealth Pro Property Consultant said that a high number of Vietnamese are rushing to buy properties overseas for different purposes, either to have homes for their children who are studying abroad or to seek citizenship.
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