Figures from CBRE have highlighted the growing attractiveness of Australian property to offshore investors, particularly those from China.
According to the firm's findings, offshore buyers purchased commercial property worth A$2.15 billion during the first nine months of 2011 - accounting for 33 per cent of all sales.
This was the highest figure recorded since 1994, with Asian investors increasing their presence during this time.
"Of interest in the third quarter was the long-awaited emergence of Chinese investors into the direct Australian commercial property markets," commented Kevin Stanley, CBRE executive director, global research and consulting.
Meanwhile, data from DTZ showed activity in the overall Australian marketplace was down by 50 per cent during the third quarter in comparison to the same time last year.
Elsewhere, chief economist for Commsec Craig James told Australian Property Investor that global falls in commodity markets could have an impact on their portfolios over the coming months.
Posted by Ravin Chatlani
According to the firm's findings, offshore buyers purchased commercial property worth A$2.15 billion during the first nine months of 2011 - accounting for 33 per cent of all sales.
This was the highest figure recorded since 1994, with Asian investors increasing their presence during this time.
"Of interest in the third quarter was the long-awaited emergence of Chinese investors into the direct Australian commercial property markets," commented Kevin Stanley, CBRE executive director, global research and consulting.
Meanwhile, data from DTZ showed activity in the overall Australian marketplace was down by 50 per cent during the third quarter in comparison to the same time last year.
Elsewhere, chief economist for Commsec Craig James told Australian Property Investor that global falls in commodity markets could have an impact on their portfolios over the coming months.
Posted by Ravin Chatlani
