Chinese property buyers spent a record A$133.7 billion on international real estate in 2016, reports Property Observer (20 July 2017). According to a new report from Juwai.com, the 2016 total is a 25.4 percent y-o-y increase from 2015, and an 845 percent increase over the past five years. “Current trends suggest that Chinese property investment this year will be on par with the levels of 2015, or about AU$105 billion," said Sue jong, COO of Juwai.com. "That would make 2017 one of the top two or three years in history. While levels are lower than in 2016, they will still be extremely high by any standard," she added. On Juwai.com, Australia ranks second for Chinese investment by dollar value, just behind the US.
