It is estimated that Chinese buyers currently purchase 12 per cent of all new homes in Australia, but this is a trend that is only likely to increase in the future, after it was revealed that the nation is set to dominate foreign investment for years to come.
Colliers International's latest report shows that investors from China have been increasing their spend outside Asia in recent years, with property outgoings moving from US$1 billion (£0.6 billion) in 2000 to more than US$30 billion in 2013.
In the years ahead, Colliers said that this will continue as Chinese buyers see their expansion as making good sense and more feel confident about spreading their assets out across the globe.
John Marasco, managing director Capital Markets and Investment Services, Australia, at Colliers International, said: "Chinese buyers alone are currently spending around $5.9 billion a year on Australian property (both residential and commercial).
“The strong performance of Australia’s property markets suggest this demand will continue to grow across a range of assets.”
Posted by Craig Francis
Colliers International's latest report shows that investors from China have been increasing their spend outside Asia in recent years, with property outgoings moving from US$1 billion (£0.6 billion) in 2000 to more than US$30 billion in 2013.
In the years ahead, Colliers said that this will continue as Chinese buyers see their expansion as making good sense and more feel confident about spreading their assets out across the globe.
John Marasco, managing director Capital Markets and Investment Services, Australia, at Colliers International, said: "Chinese buyers alone are currently spending around $5.9 billion a year on Australian property (both residential and commercial).
“The strong performance of Australia’s property markets suggest this demand will continue to grow across a range of assets.”
Posted by Craig Francis
