Chinese investment in Australian real estate doubled last year, according to the Foreign Investment Review Board (FIRB) on The Wall Street Journal (10 April 2016). Chinese investors spent A$24 billion in the year ended 30 June 2015, three times the amount of the United States. According to Juwai.com, Australia is the second most-popular country for Chinese buyers. “China’s share has risen from less than one-tenth to more than one-quarter of all of foreign real-estate investment in Australia since 2012. There will be ups and downs, without a doubt, but the long-term trend is up,” said Charles Pittar, CEO of Juwai.com. “This is important because it shows that the China bears who claimed Chinese investment was falling off a cliff are badly informed.”