China lavishly spent $60 billion on Australian Property
May 23, 2015

Chinese investors and immigrants invested $8.7 billion in the Australian property market in the span of just 12 months during 2013-14, according to an analysis released by Credit Suisse.

This figure is expected to grow to $60 billion in the next six years with the current growing demand.

A report released by analyst Hasan Tevfik demonstrated the following:
•    The current Chinese investment in the Australian property market converts to 15% of the national housing supply
•    The new investment rule may seem unfavourable to foreign investors but the potential damage to demand will be marginal
•    The new changes to the investment rule will refocus the demand to new housing from established housing which is positive for the Australian economy
•    Purchases by Chinese buyers were mainly focused in Sydney and Melbourne with both cities receiving $7 billion investment (80% of total demand)
•    The current growth of Chinese demand in the Australian property market is two per cent per annum and this figure is expected to grow at a rate of five per cent per annum
•    There are currently 1.2 million Chinese with more than $US 1 million in China and the growth rate is expected to be around 14 percent a year
•    The report states that these Chinese millionaires can easily afford to buy a house in either Sydney or Melbourne and by 2020 the number of Chinese millionaires will rise to 2.6 million which is equivalent             to the current population of Brisbane

With the strong support of Chinese investment the Australian market has a very promising future.

If you’re interested in making an investment in the Australian property market or applying for an Australian visa, please do not hesitate to contact us for a no-obligation chat on +61 3 9078 6819 or support@thinkvisa.com.au. Alternatively, visit www.thinkvisa.com.au for more information, including details of our credentials, fixed price offering and free online assessment option.

0 Comments

Think Visa
Corporate Events

Australia General Skilled Migration Webinar 2020

THINK VISA'S AUSTRALIA GENERAL SKILLED MIGRATION WEBINARDon't miss out on the work and living opportunities in Australia. But first, understand everything you need through our FREE webinar!Have you been looking for a change in work and living environments?...

Australia Partner Visa Webinar 2020

AUSTRALIA PARTNER MIGRATION WEBINAR Your Happily Ever After Should Not Be Difficult We value your personal goals and consider them as our own. In this webinar, you will learn all about getting a Partner Visa in the quickest and best possible way especially with the...

AIMS heads up to China in September 2015

AIMS is excited and proud to announce that it will be making its way to Shanghai, China in September this year for the 2015 Shanghai Overseas Property, Immigration , Investment Fair. There has been an increase in the number of elites and millionaires from all walks of...

Season’s Greetings

Season’s Greetings Dear valued clients, 2014 has been an outstanding year for Alliance International Migration Services. The holiday season is a wonderful time for us to remember the friends and customers who help our business and make our jobs a pleasure all year...

You May Also Like…

NEW COVID-19 Pandemic Visa – Subclass 408

NEW COVID-19 Pandemic Visa – Subclass 408

Last Saturday, 4 April 2020, the Australian Government introduced new sub-stream via Subclass 408 (AGEE – Australian Government Endorsed Event) to assist migrants with the COVID-19 pandemic. Temporary Activity Visa's new sub-stream will allow foreign nationals who...

* indicates required

Success! Thank you for registering for our upcoming webinar. You should receive a confirmation email shortly.

One of our friendly agents will be in touch with you shortly!