Beijing recently announced new restrictions for Chinese homebuyers as part of cooling measures to control its surging housing prices, reports The Sydney Morning Herald (4 April 2017). Among some of the new rulings include non-residents being barred from purchasing single-storey houses unless they have paid tax in Beijing for five years – a measure that aims to control rocketing property prices nearby elite public schools, which only accepts students from children living within the near vicinity. Faced with such tough rulings, more and more Chinese buyers may increasingly look for property abroad where prices are cheaper and excellent education options abound, particularly in Australia. According to China's leading international real estate website Juwai.com, Chinese home purchases in Australia are closely linked to sending children to Australia for education.
