Newcastle seems to be a new hot spot for Chinese investors, in light of several economic pulls in the region, reports The Australian Financial Review (30 June 2014). While Sydney's growth caused home prices to be even more unaffordable, Newcastle's attractive average A$495,000 per unit trumps Sydey's average of A$680,000. The article notes that Newcastle came in second in top regional destinations for Chinese buyers on Furthermore, a lease agreement for the Port of Newcastle for $1.75 billion to a Chinese government-backed enterprise will bring in $340 million into Newcastle. [This article is only available under subscription.]