Original article here.
CHINESE buyers are being drawn to Melbourne’s leafy suburbs by top schools, existing Asian communities — and positive feng shui.
Feng shui masters say the city’s northeastern corridor had been considered a desirable place to live by followers of the Chinese practice since 2004, and would continue to be so until the current feng shui cycle ends in 2024.
They said it was therefore no surprise suburbs within the corridor — including Glen Waverley, Mount Waverley, Box Hill and Doncaster — had become booming property markets driven by Asian investment.
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The master, who helps clients choose or create feng shui positive homes, said Melbourne’s northeast was desirable as it contained mountains and the ocean was positioned in a southwest direction.
“Feng shui is not just about hanging a few wind chimes around a house, it’s about designing a house to match the environment,” they said.
“A lot of Chinese clients prefer to buy a brand new house, or build or renovate one themselves so it does this.”
Stockdale & Leggo director Mark Brown said he’d recently invited a feng shui master to enlighten agents at his Glen Waverley and Mount Waverley offices about the practice, to help them better work with Chinese clients.
They said the area would continue to be popular until 2024.Source:News Corp Australia
Mr Brown said the fact his suburbs were hugely popular with the Chinese but neighbouring areas, including Springvale and Clayton, were not showed how important feng shui was to the market.
Jellis Craig Doncaster director Dallas Taylor said being able to work with Chinese buyers was simply “part of being an agent” in the leafy east now.
While feng shui was significant, access to schools remains the number one factor bringing Asian househunters to Melbourne’s east.
Mr Taylor said the buyers were typically drawn to Chinese communities, too.
“They tend to buy in groups. There’s a village mentality,” he said. “It’s about location.”