Rich Chinese property buyers are showing a marked preference for Melbourne over Sydney, reports Domain (14 November 2015). Juwai data reveals Chinese property investor interest in Melbourne homes within the $5-million median surged seven times higher compared with Sydney. “While Sydney started the year with more premium property buyer interest, as measured by views of those properties on Juwai.com, Melbourne showed the strongest growth. Melbourne ended the period with more than 700% growth, while Sydney finished September roughly back where it started,” says Juwai Co-Founder Simon Henry.
