Chinese buyers accounted for A$24 billion out of the total amount of A$96.9 billion worth of Australian real estate bought by foreign buyers in 2014-2015, reports Your Investment Property (13 April 2016). Sourced from the latest report from the Foreign Investment Review Board (FIRB), there has been no signs of any slowdown from Chinese investors, despite the Chinese stock market crash. “This is important because it shows that the China bears who claimed Chinese investment was falling off a cliff are badly informed. Australia is the second most popular country for Chinese buyers, after the USA and ahead of Canada and the UK,” said Charles Pittar, CEO of Juwai.com.
