According to the Brisbane Times, the Chinese New Year is an annual high point in Sydney's property sales calendar but has lost steam since mid-2016 as a result of tighter restrictions on foreign ownership(17 January 2020). The new year is expected to see some improvement. "Chinese New Year always boosts Chinese interest in Australian real estate because [travelers] have a whole week off – it is the perfect time to visit friends and family who live here already, While in town, [they] look for real estate, " said Juwai chief executive Georg Chmiel.