The Australian real estate market could benefit from the recent devaluation of the Chinese yuan, as the first devaluation of the yuan since 1994 may further spur Chinese outbound investment, reports the Australian Financial Review (15 August 2015). Compared to the yuan, the Australian dollar has declined even more, which retains Australia’s appeal as a safe haven for Chinese outbound investment. According to co-CEO Andrew Taylor, “The weak Aussie dollar would be like an open door, beckoning investors in. Meanwhile, the strong US dollar would make that country less affordable for Chinese buyers on a budget.”