Chinese spending on Australian property fell by A$8.8 billion last year, as new taxes, restrictions and capital controls curbed investments but Juwai.com expects moderate increases this year in Chinese demand for homes in Victoria – which remains their No. 1 target down under, reports Perth Now (7 September 2018). Juwai.com found buyers from China still splashed more than A$19.4 billion on Aussie residential real estate in 2017, and A$4.5 billion on commercial. Australia was second only to the US for popularity among househunters from mainland China last year, with buyers sinking more money into Victoria than any other Aussie state.