Murray Wilton of Radio 2UE in Sydney, Australia interviewed a Juwai.com representative about Chinese buying property in Australia.
Australian rules limit Chinese offshore buyers to new developments, not existing homes. That means they are increasing the housing stock and creating construction jobs in Australia.
$63 billion of new residential buildings will be constructed this financial year, according to the Construction Market Report. That's an increase of 5%. You can employ a lot of construction workers with that much money.
This story was on-air only.
