The figure is almost unchanged from 18 per cent in 2016/17. It's a different story nationally, with the number of residential real estate approvals peaking in 2015/16 at 40,000, with a proposed investment value of $72.4 billion, before plummeting to just 10,000 in fiscal 2018. Carrie Law, Chief Executive of Chinese real estate website Juwai.com, said that while Chinese demand for residential real estate nationally had fallen, a recovery was on the way, reports Queensland Times (19 February 2019).