Australian homes are still highly coveted by Chinese buyers, who remain undeterred by foreign buyer taxes and stringent restrictions, reports Property Report (5 March 2018). Australia greatly appeals to Chinese for its lifestyle and education factors, and for Chinese homebuyers, the opportunity to live in close proximity to the schools where their children are studying in Australia outweighs the financial restrictions and taxes imposed upon foreign buyers. According to Juwai.com, China's largest foreign real estate website, Australia is the second most-favoured offshore investment destination for Chinese property seekers.