The devaluation of the Renminbi could potentially trigger a surge in overseas property investment by Chinese buyers, says the Business Spectator (29 August 2015). US and Australian real estate, in particular, are especially attractive to Chinese investors looking for safe, stable, and secure investments. According to Juwai.com Co-CEO Andrew Taylor, “If wealthy Chinese feel that the recent devaluation is the beginning of a much longer and deeper depreciation, they may be motivated to move liquid assets overseas before that happens.”
