According to The FIRB released in April 2015, China's $6.5 billion increase in approved property investment made up nearly a third of the $22.7 billion increase in total property approvals for 2014, reports the Australian Financial Review (1 May 2015). "You know the foreign investment rules are working because foreign off-the-plan buyers give developers the security they need to start construction on buildings that are ultimately mostly inhabited by Australians," Andrew Taylor, Co-CEO of, said.