Chinese investments in Australian property doubles as FIRB real estate approvals overall jump 75 per cent

  • Chinese investment in Australian real estate has doubled.

Foreign appetite for Aussie homes, from all corners of the globe, has surged in the past financial year, with the value of proposed investment rocketing by more than 75 per cent.

The Foreign Investment Review Board annual report shows China remains by far the biggest foreign buyer of property, splashing $24.3 billion in 2014-15 – more than triple the United States and six times the outlay from Singapore.

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China remains the biggest foreign investor in Australian real estate. Photo: Alistair Walsh