Chinese buyers are expected to spend A$104.5 billion dollar on international property in 2017, reports the Herald Sun (5 July 2017). According to a recent report from, China's largest overseas property website, the figure was down from A$133.7 billion in 2016, and further revealed Australia as the second-most favourite investment destination for Chinese. “With its proximity and deep commercial ties to China, appealing investment markets and a world-leading 26 years without a recession, Australia appeals to Chinese investors, immigrants and students. Chinese investment has been one of the most significant enablers of Australia’s recent residential property-building boom," the report said.