Chinese buyers will continue their property spree in Australia, even with the efforts of Australia’s bank ANZ to make loan approvals harder for foreign buyers with temporary visas, says Juwai.com to the Australian Financial Review (29 December 2015). According to Juwai.com, Chinese international real estate investment are forecasted to reach $220 billion by 2020 but the short-term visibility is less clear. Juwai Co-Founder shares, “it’s foolhardy right now to make a firm short-term prediction, because too much is happening and any single event internationally could create a boom or reversal in any given quarter. But we are very optimistic for 2016 and even more so for the remaining portion of this decade.”
