Chinese nationals remain the most prominent investors in the Australian residential market, and it’s now the number one place they park their money, it’s been revealed.

According to the Australian Treasury’s foreign investment report for the December 2022 quarter, in the three months to December, $20.7 billion was invested in the real estate sector, with an overwhelming majority ($19.3 million) entering the commercial market, compared to $1.4 billion funnelled into residential real estate.