Sunday, 3 May 2015

Chinese now Australia’s biggest foreign property investors

The post Chinese now Australia’s biggest foreign property investors appeared first on Oak Laurel.

Chinese now the largest foreign buyers of Australian real estate

Chinese are now Australia’s largest foreign property buyers, pushing the USA out of 1st place according to the Foreign Investment Review Board (FIRB).
Foreign Chinese property investors spent $12.4 billion on Australian property in 2013-14 up from 2012-13 when foreign Chinese spent $5.9 billion on Australian real estate according to the FIRB.
China’s total approved investment in Australia last financial year was $27.7 billion, while the US were approved to invest $17.5 billion. Canada is Australia’s third largest foreign investor with $15.4 billion of investment whilst Malaysia was the forth largest with $7.2 billion of investment.
The foreign property buyers focused on new dwellings, spending $16.4 billion on off the plan apartments up from $5.7 billion.
The foreign spend on existing homes jumped almost $2 billion to $7.17 billion last financial year.
Investment in commercial real estate also increased from $34.8 billion to $39.9 billion.
Investments in real estate accounted for almost half China’s total Australian investment, with its $12.4 billion approved investment more than twice the amount of the Americans on real estate.
The FIRB figures tally approved investment rather than actual investment.

Melbourne in Victoria, Australia is a hotspot for foreign property buyers

Melbourne has become a hotspot for foreign investment. Foreign investment in Australian residential property doubled in the last financial year and with most investment occurring in Victoria.
Victoria saw more than 10,000 approvals granted to foreign investors, according to the Foreign Investment Review Board annual report.
Interest from overseas buyers is creating price growth in some segments of Australia’s real estate market.
Glen Waverley, Mt Waverley and other suburbs in the Monash City Council area, such as Notting Hill in Melbourne are hot spots for Chinese buyers, ranking as the most popular suburbs in Australia on a Chinese property portal. The Monash area is also a very popular area with local Chinese which make up the majority of the market.
More generally, Melbourne is rated as one of the world’s top cities for Chinese buyers, according to a luxury real estate website and was the only Australian city to make the top 20 global destinations searched by Chinese buyers on
Are you looking to invest in property? Find out about investment property loans here:
Investment property loans
Or you can contact one of our mortgage brokers to assist you with your finance.
Mortgage brokers in Adelaide

Mortgage brokers in Brisbane

Mortgage brokers in Canberra

Mortgage brokers in Melbourne

Mortgage brokers in Perth

Mortgage brokers in Sydney

Are you a Chinese property investor, looking for a home loan and want to speak to a Chinese home loan broker?

If you are Chinese and need assistance, we have Chinese home loan brokers that can help you. Our Chinese home loan brokers can assess and compare home loan options for you so that that you don’t pay too much.
If you are a Chinese property investor, we can help you to find home loans that suit property investment and structure your investment home loans correctly to save you money and increase your flexibility. Ask us about home loans for Chinese property investors.
Contact us here:
Chinese mortgage brokers


如果你是一个中国房地产的投资者,我们可以帮你找到适合房地产投资的贷款, 我们可以帮你设计正确的投资购房贷款节省您的资金和增加你的资金自由性。向我们询问中国的房地产投资者购房贷款细节

Oak Laurel Mortgage Brokers – Home loans made easy!
Oak Laurel Mortgage Broker
The post Chinese now Australia’s biggest foreign property investors appeared first on Oak Laurel.

from Oak Laurel | RSS Feed

No comments:

Post a Comment