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The number of Asian buyers around Indooroopilly in particular has soared to unprecedented numbers in the past 12 months, Alex Jordan of McGrath Paddington said. Indooroopilly is attracting Asian buyers who want to be close Mortgage brokers Oak Laurel West End, 0430 129 662, 249 Boundary St, West End QLD 4101 to prestigious local schools. Photo: Urban Angles “I would say eight or nine out of 10 of my buyers through every open home are Asian,” Mr Mortgage brokers Oak Laurel Nundah Jordan said. “Every story is the same: they’re Asian buyers from Sunnybank, Eight Mile Plains, Stretton and they want to move to Indooroopilly. “They’re all very keen to send their kids to St Peter’s [Lutheran College], so we get a lot of buyers jumping on luxury properties around that school but we’re also consistently seeing massive numbers through every property in other parts of Indooroopilly, St Lucia, Toowong and Taringa.” Mr Jordan said they were mainly well-heeled Asian buyers who had grown up around Sunnybank but as young professionals with children, preferred to move across the river to send their children to some of Brisbane’s highest-rating schools, including Ironside State School and Indooroopilly State High School. Outside Sunnybank Plaza and Market Square, McCullough Street, Sunnybank. Photo: Tammy Law According to bettereducation.com.au , St Peter’s Lutheran College is ranked ninth in Brisbane’s top high schools with a score of 99, while Indooroopilly State High School ranked in the top 30 with a score of 98. St Peter’s is an independent, co-educational school, where fees are about $20,000 a year for high school day students and $40,000 a year for boarders. Related: Where home ownership has declined the most “We’re seeing a pattern where they’re selling at Sunnybank in the $800,000s and buying in the inner west for $1 million to $1.5 million, depending on what they can afford,” Mr Jordan said. Alex Jordan, of McGrath Paddington, says living near Best Brisbane mortgage brokers her comment is here the river at Indooroopilly has good feng shui relating to finances. Photo: Supplied “They are all very determined and willing to move to the other side of town for their children’s education. I can see this trend strengthening over the next decade to the point where we have that whole demographic shift and that will have a massive impact on both of these suburbs.” Place Sunnybank agent Estelle Lin confirmed the trend was taking place, particularly among second-generation Asians who had grown up in Sunnybank.
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