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Australia Country Report 2014

Presented by

Discovery Reports
Mainland buyers are snapping up residential properties in Sydney, such as Altona (above), which was bought by a Chinese investor. Photo: AFP

Investors pour into property market

Chinese investment in Australian real estate has grown by almost 60 per cent in the past two years, with buyers and developers focusing largely on Sydney and inner-city Melbourne. Huge interest from cashed-up Chinese buyers has been a major driver for house prices in some suburbs of Sydney and Melbourne to rocket by as much as 27 per cent over the past year. The median house price in Sydney rose by 15 per cent last year.

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