Chinese buyer interest in Sydney properties has slowed down during this year's National Day Golden Week, reports Domain (10 October 2017). Reports from Juwai.com, China's largest international property website, showed fewer enquiries from Chinese buyers looking for Sydney real estate, as well as a decrease in their budgets for Australian homes. Still, Australia’s median property search price remains comparatively higher when pitted against the US and Canadian markets. According to Jane Lu, Head of Australia at Juwai.com, “That’s partly because of the level of affluence of the Chinese buyers who come here. It has more to do with the relatively high property prices, especially in Sydney.”
