Global Power | Local Knowledge | Uniquely Personal
中文

Australian property demand to f...

Australian property demand to flourish as Chinese get ready to dominate world property

Chinese investors are set to buy more and more properties around the globe.
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

All information provided is of a general nature only and does not take into account your personal financial circumstances or objectives. Before making a decision on the basis of this material, you need to consider, with or without the assistance of a financial adviser, whether the material is appropriate in light of your individual needs and circumstances. This information does not constitute a recommendation to invest in or take out any of the products or services provided by SMATS Services (Australia) Pty Ltd or Australasian Taxation Services Pty Ltd.

Subscribe Now