Chinese home buyers set to snap up Australian property in 2019

 

PHOTO: Several Chinese buyers have inspected 56A Telegraph Road, Pymble.

The number of Chinese buyers of Australian homes is likely to remain steady this year in what’s being seen as a major boost for the weakening domestic property market.

Continued wealth growth in China – with dollar-worth per adult having risen four-fold over the past six years – an eye for an Australian bargain, a weak yuan and the trade war between the US and China are all predicted to be factors in keeping investment here bubbling along.

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