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The
Propertybuyer

Podcast

Hear the latest weekly insights into the property market via podcast by Rich Harvey, CEO and founder of Propertybuyer.

 
Fri 1 Nov '24 with Rich Harvey Sydney’s Lower North Shore - Perspectives and Insights
 
 
Fri 20 Sep '24 with Rich Harvey How to Invest or Buy Commercial Property
 
 
Fri 6 Sep '24 with Rich Harvey Breaking Gender Barriers, Creating Empathy & Other Empowering Strategies
 
 
Fri 23 Aug '24 with Rich Harvey Where to invest for around $500k?
 
 
Fri 9 Aug '24 with Rich Harvey How to Find the Ideal Investment Suburbs?
 
 
Fri 26 Jul '24 with Rich Harvey Property Market Pulse, Predictions & Policies to fix the housing market.
 

 

Listen to many more
podcasts on our
Podcasts page.

 
 
 

Propertybuyer Blog
Property advice, market updates & more

 

Chinese buyers benefiting from, helping Australian property market

March 12, 2014 / Written by Rich Harvey

 

By Rich Harvey, CEO, propertybuyer.com.au

Everyone is looking to get into the Australian housing game at the moment, including foreign buyers.

Credit Suisse recently reported that Chinese real estate buyers are purchasing $5 billion worth of Australian property investment on an annual basis. This accounts for 12 per cent of new housing supply in the country.

Unsurprisingly, Sydney is a hotspot for Chinese buyers, with investors scooping up 18 per cent of new housing supply in the New South Wales capital. Melbourne is also a popular choice, with Chinese buyers accounting for 14 per cent of new housing supply.

All in all, Chinese buyers are expected to purchase $44 billion worth of Australian residential property over the next seven years.

Chinese buyers benefit Aussie economy

Due to rules put in place by the Foreign Investment Review Board, Chinese buyers are only able to purchase brand new properties, not established stock. In this way, greater activity in the foreign buyer market translates to more residential construction, an increase in jobs and general economic prosperity.

Additionally, the increased demand from Chinese buyers results in home values rising at a faster pace, something that benefits all property investors.

Need for buyers advocate growing

While the opportunities for profitable real estate investment are booming in areas like Sydney, Melbourne and Brisbane, Chinese home buyers are at a disadvantage due to being unfamiliar with the local markets.

Fortunately, Sydney buyers agents and their counterparts throughout Australia can assist foreign real estate buyers when it comes to making smart purchase decisions. Buyers agents act as local experts, guiding you through different communities and helping you decide which one might best suit your needs.

Whether you're curious about local amenities, which regions are seeing high demand or any other important information, buyers agents have the intimate knowledge necessary to simplify the purchase process.

The Propertybuyer
Podcast

 
Fri 1 Nov '24
with Rich Harvey
Sydney’s Lower North Shore - Perspectives and Insights
 
 
Fri 20 Sep '24
with Rich Harvey
How to Invest or Buy Commercial Property
 
 
Fri 6 Sep '24
with Rich Harvey
Breaking Gender Barriers, Creating Empathy & Other Empowering Strategies
 
 
Fri 23 Aug '24
with Rich Harvey
Where to invest for around $500k?
 
 
Fri 9 Aug '24
with Rich Harvey
How to Find the Ideal Investment Suburbs?
 
 
Fri 26 Jul '24
with Rich Harvey
Property Market Pulse, Predictions & Policies to fix the housing market.
 

 

Listen to many more
podcasts on our
Podcasts page.