Australia is not the only country in Asia facing a housing crisis. China’s latest stimulus package is met with skepticism due to the downturn in the residential market, with 20 million pre-sold but unfinished properties.
In Hong Kong, house prices have decreased by almost 30%, yet it remains the least affordable housing market for the 14th consecutive year. Asian central banks are cautious about reducing interest rates due to overheated property markets.
Australia’s housing crisis is the most severe among Asia’s advanced economies, attracting global attention. The living sector, including rental housing and senior housing, is gaining interest from investors in Asia.
Factors contributing to Australia’s housing crisis, such as government failures to increase supply and migration trends, have created investment opportunities for Asian buyers. Japanese investors have shown significant interest in Australia’s build-to-rent sector.