The recent free trade deal between Australia and China will make it easier for Chinese investors to buy commercial real estate, reports Property Observer (8 December 2014). However, it doesn’t change the rules for residential real estate reports. According to Simon Henry, Co-CEO of Juwai.com, the median purchase price by Chinese investors is A$1.5 million – way above most of the market. This suggests that Chinese buyers cannot be accused of pushing up prices for domestic buyers. He also said that Chinese buyers prefer property near beaches, in well-off suburbs, or apartments in the CBD areas of major cities.
