Investments by foreign buyers in commercial and residential real estate hit AUD87.9 billion in 2019 due to the low Australian dollar and high yields in the property market, reports Commercial Real Estate (11 May 2020). China ranked fourth amongst the largest investor group in Australian real estate. "In April, Chinese buyers made twice the number of enquiries on Australian real estate as in any other month so far this year and 50 per cent more than in any month in the second half of 2019," said Georg Chmiel, executive chairman of Chinese property portal Juwai IQI.