Chinese buyers in Australia are looking beyond luxury mansions and showing a growing preference for regular properties priced below $700,000 instead, reports the Daily Mail (29 May 2016). According to Juwai.com’s latest report, Australia is hailed as one of the most liveable cities in the world, and its quality housing is a major draw for Chinese buyers – property enquiries from mainland Chinese surged 87.1 percent year-on-year in 2015. Gavin Norris, Head of Australia for Juwai.com, said international investment will help Australian developers to finance construction much quicker. 'The Property Council of Australia tells us that every Chinese buyer makes four homes available for local buyers,' adds Norris..
