Chinese buyers are predicted to ramp up their investment in Australian property next year with a forecasted increase of 15% – 20%, said Co-CEO, Simon Henry in a recent interview with Domain (22 November 2014). While a current petition calling for tighter foreign property ownership rules in Australia is gaining momentum with over 26,000 signatures, Henry disproves the people's concern that Chinese buyers are the cause of property price hikes that has led to many first home buyers facing difficulties in purchasing a home. According to Henry, the Chinese investors' average price range is approximately US$1.36 million – a budget that is nowhere near the price range of first home buyers. Instead, he attributes the price increase in Australian properties to improved marketing tactics by respective states and universities in Australia.