Chinese investors have been projected to splash A$30 billion worth of new investment on Queensland property over the next 10 years, reports The Courier-Mail (8 August 2015). According to Andrew Taylor, Juwai.com co-CEO, this number is a modest estimate based on the premise that wealthy Chinese will allocate at least 5% of their savings on international real estate now that the Chinese government has relaxed outbound investment rules for Chinese individuals. “Brisbane is the No. 1 destination for money that’s coming to Queensland. As much of it is directed at new development, it’s a huge boost for construction, new housing supply, and employment,” adds Taylor.
