Residential property in Australia has long been a Chinese favourite for international real estate investment but it seems set to change in 2016, reports the Australian Financial Review (29 December 2015). As Chinese companies look to diversify their assets, they might look to invest into commercial property, especially hotels. According to Juwai.com, China’s investment in global hospitality investment should grow between 5% - 15%in 2016. "Chinese companies have been emboldened in 2015 by a higher investment threshold, easier approval process and a reduction of red tape," said Simon Henry, Co-Founder of Juwai.com.