The Chinese appetite for Australian real estate is still going strong and is expected to show no signs of waning in 2016, reports the Australian Financial Review (14 January 2016). A recent survey by the Asian Association for Invested in Non-listed Real Estate (ANREV) revealed Sydney and Melbourne as the first-choice destinations for Chinese buyers keen in Asia Pacific investments. Juwai data, however, shows Victoria and Southeast Queensland are coming up on Chinese buyers’ radar, as it provides better value and affordability compared to New South Wales. What’s clear, though, is that Chinese investor interest in Australia is not tapering off. According to Simon Henry, Co-Founder of Juwai.com, “Our 2020 forecast for all Chinese international real estate investment, not just residential, is for $220 billion, which would be up more than four-fold from $52 billion in 2014.”
