Despite foreign buyer taxes, Melbourne reigned as the top destination for Chinese international property buyers in H1 2017, reports The Australian (14 September 2017). Demand for Melbourne real estate from Chinese buyers rose 13.3 percent y-o-y in the first half of this year to account for over 40% of Chinese buyer enquiries on Juwai.com for Australia in H1 2017. “We see no let-up in demand for the future. Chinese buyers feel that international and, in particular, Australian real estate is one of the more safe and wise investments they can make,” said Jane Lu, Head of Australia for Juwai.com, the leading Chinese international property website. [This article is available via subscription only.]
