The Chinese buyer market could grow between 5%-15% in 2016, reports REB Online (20 January 2015). Based on Juwai data and forecast, Chinese property investment in Australia’s residential and commercial real estate could potentially chart new records and hit $220 billion by 2020. According to Juwai.com Co-Founder Andew Taylor, one of the main factors driving this growth is China’s bid to become an Asian financial hub, which has led to China loosening its financial restrictions – even more so now that the IMF has added the yuan into its reserve currency basket. This shift heralds an expected surge in Chinese cash outflow, as it could potentially drive as much as $75.7 billion into Australian residential properties.
