Chinese New Year is likely to trigger a property buying spree across Australia, reports News.com.au (16 February 2018). According to Juwai.com CEO Carrie Law, purchases levels in 2018 should be on par with 2017, unless major changes happen in Australia's economic environment. “One reason Chinese investors seek out property in Australia is because of our cost of living,” said Law. “China’s eastern coastal region is just as developed as Australia and its 200 million people live in some of the most expensive cities in the world.” Currently, the most popular Australian cities for Chinese buyers on Juwai.com is Melbourne, followed by Sydney, Brisbane, Adelaide, and Gold Coast.
