Buyers from Shanghai and Beijing are expected to bring the next wave of investment in Australian property, according to reports from property company Ausin, which specialises in foreign investments from the nation.
In recent times, there has been some degree of controversy over the effect that Chinese investors have on the property market in Australia, with some believing that they cause an inflation in prices that is unsustainable.
However, Ausin said that Australian properties are such a valuable asset to Chinese people that it expects to see investment levels double in the next year alone.
It said that this is due to a number of different factors, chief among which is the fact Chinese property is so soft at the moment. In addition to this, the safe haven of Australia, where prices remain pretty stable, is a great attraction for those who are looking to invest.
"The Australian standard of education, safety and low pollution levels are all appealing to Chinese immigrants seeking a new place to call home," added Joseph Zaja, general manager of Ausin Group.
Posted by Ravin Chatlani