A recent Credit Suisse report revealed that Chinese demand for Australian housing has increased despite various cooling measures to curb it, reports News.com.au (8 April 2017). The report also showed that Chinese account for nearly 80% of total foreign demand for Australian property, especially as Australian real estate is considered a bargain when compared to housing prices in China. According to China's largest international real estate website, Juwai.com, Chinese property buyers enquiry for Melbourne property in 2016 was worth AU$3.61 billion — up from AU$3.01 billion in 2015. Point Cook, a suburb of Melbourne, has more buying enquiries from China than any other Melbourne suburb.