Chinese enquiries for Australian properties on Juwai.com rose 87.1 percent in 2015 compared to 2014, reports Sydney Property Expert (24 May 2016). Based on a recent report from Juwai.com, Sydney is revealed to be the second-most popular city after Melbourne, primarily thanks to its good education offerings, as well as its convenience and new developments. According to Juwai.com Head of Australia Gavin Norris, this boost of Chinese interest in Aussie property – especially in the price bracket of US$200,000-US$500,000 – bodes well for local first-time buyers. “When offshore investors purchase off the plan, they give developers the security they need to start construction on the new buildings that will provide homes for Australians. The Property Council of Australia tells us that every Chinese buyer makes four homes available for local buyers,” said Norris.
