Byron Bay – longtime favourite beachfront hotspot for Australian property buyers –is now attracting Chinese buyers too, reports Domain (6 January 2016). Juwai data reveals Byron Bay has climbed from 28th to become the 4th most popular destination in Chinese buyer enquiries during the past year – just behind Sydney, Newcastle, and Wollongong. According to Juwai Co-Founder Simon Henry, Chinese developers have a penchant for waterfront land, as these can be developed into residentials and hotels easily. “Some wealthy Chinese are looking past the inner-city penthouse to beachfront estates away from the capital cities as they get more comfortable buying here. They love beachfront property like everyone else,” adds Henry.