One third of the most expensive homes in Australia have been scooped up by wealthy Chinese investors, according to a report by the Daily Mail (14 November 2019). Thirty per cent of multi-million dollar mansions and penthouses around the country are owned by buyers from mainland China and Hong Kong, including coveted areas in Sydney and Melbourne. About 1.2 million Chinese tourists visit Australia every year. According to Chinese property portal Juwai, a quarter of them are looking to buy property.