Chinese property buyers are unlikely to be hit by new foreign buyer taxes in Australia in 2018-2019, reports Australia China Business Review (29 June 2018). According to a latest report from Juwai.com regarding foreign buyer property restrictions in six top markets for Chinese real estate investments, New Zealand is the sole investment destination that is deemed likely to implement new taxes or restrictions on foreign property buyers in 2018-19. Juwai.com chief executive Carrie Law further shared that Chinese overseas real estate investment now appear to be heading back on track to growth after its retreat from a peak of $US101.1 billion in 2016. “The Chinese government seems comfortable with what it calls rational growth in international investment,” said Law.
