The global financial markets turmoil is predicted to benefit Australia’s residential and commercial real estate markets, reports the Australian Financial Review (22 January 2016). This is because investors will prefer stable assets, such as property. A burning question though, is whether Chinese buyers will continue its shopping spree on new properties – a question fielded by Juwai.com Co-Founder Simon Henry, who believes they will. “The Chinese government's end game is not to cut offshore spending, but to make the currency freely tradeable so more money can flow out, including to Australian apartments,” explains Henry.
