Australia’s successful handling of the coronavirus pandemic may see an increase in Chinese real estate buyers, reports Real Estate Conversation (8 May 2020). According to data for the second-half of 2019 and April 2020 from the Foreign Investment Review Board Annual Report, Chinese may have resumed their demand for real estate investment in Australia. “The Coronavirus has created exceptional circumstances, While Chinese buyer demand in January remained strong, the lockdown in Victoria forced the number of Chinese buyer enquiries down in February and March. Australia was already appealing as a safe country where your investments are protected. Now, the country seems to have managed the pandemic well, making it even more appealing to foreign buyers,†said Juwai IQI Executive Chairman Georg Chmiel.
