Signs of rebound after Chinese investment plunge
A surge in enquiries over April indicates that a three-year trend of plummeting Chinese property investment could be coming to a close.
Apartments in Melbourne were a popular choice among foreign investors. Photo: Shutterstock. (Image source: Shutterstock.com)
A surge in enquiries over April indicates a three-year trend of plummeting Chinese property investment could be coming to a close.
Data recently released in the Foreign Investment Review Board’s 2018-19 annual report indicated foreign residential real estate investment had declined sharply.
According to FIRB, the number of foreign investment approvals for existing dwellings collapsed from a peak of 5,876 in 2015-16 to 1,312 in 2018-19.
At the …
