Foreign investment in Australian property tanking
Chinese investment in Australian residential property, and international investment in the far larger commercial market, is plummeting.
Most Chinese residential property buyers are purchasing for their children who they expect to attend school or university in Australia. (Image source: Shutterstock.com)
The rapid decline of Chinese property investment in Australian property has gathered pace in the past year.
For residential property, China far outstrips that of any other country but investment is drying up fast, with the same unwavering downwards momentum unfolding in the much larger commercial property sphere.
In late-2023, $700 million was invested by Chinese foreign buyers of Australian residential real estate, a figure that was already we…
