Chinese buyers interest in Northern Australia cities is surging, and Townsville has emerged as a up-and-coming hotspot for Chinese property investors, reports the Townsville Bulletin (9 May 2015). “For the past several years Townsville has been one of the top destinations in the state, attracting buyers who look past Brisbane and the Gold Coast. For its size, Townsville does a very respectable job and attracts a bigger share of Chinese buyers than regional destinations in other states,” says Andrew Taylor, Juwai.com Co-CEO. He also advises local agents and brokers to shell out more effort in captivating Chinese property hunters, and to highlight the great lifestyle factor of Townsville. Juwai customer Mark Stevenson, Co-Director of RE/MAX Excellence, concurs – his office has been inundated with rising enquiries from Chinese buyers, thanks to the recent relaxation on outbound investment policies. [This article is available in print only].
