(Subscription article) Ongoing Asian investment in Australian property, particularly from Chinese buyers, is the only thing saving the local market from a “cataclysmic” wipe-out, says property developer Michael Drapac. Research by Juwai, a Chinese property portal focused on overseas properties, estimated a 27 per fall in Chinese investment in Australia’s property market in 2017. Of the US$17.4 billion invested by Chinese during 2017, US$14.1 billion was in residential property. Juwai found Australia ranked second in terms of the number of inquiries, behind only the U.S., reports The Australian (12 January 2019).