Inquiry from Chinese buyers seeking some of Sydney's most luxurious homes has surged after Beijing's decision to no longer recognise online foreign university degrees. 👇
They wanted a family home close to private schools for their two children.
Monika Tu, of Black Diamondz Concierge, said the rental market is so tight that Chinese families are looking to buy and are prepared to spend between $5m and $8m on houses in the upper north shore. Buyer’s agent Billy Gleeson, of Webb and Co on the lower north shore, is also fielding more inquiries from the adult children of Chinese buyers looking to purchase.
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