Chinese buyers snapping up Australian residential real estate
Property prices in Sydney and elsewhere around the country are being fuelled, at least in part, by a surge in Chinese buyer activity that is set to take off even further throughout 2023.
After being buried in China's diplomatic deep freezer for nearly three years, warming political relations are bringing more Chinese buyers back to the Australian property market. (Image source: Shutterstock.com)
A thawing of icy relations with China has seen Australia emerge at the top of the list of favourite countries for Chinese property buyers.
Chinese investment in Australian real estate is set to soar throughout the rest of 2023, with investors attracted to its stable economy, attractive lifestyle and potential for long-term returns.
Demand from foreign buyers overall has risen to a market share of 7.9 per cent, driven mainly by an influx of buye…
