{"id":21210,"date":"2019-09-27T12:24:55","date_gmt":"2019-09-27T00:24:55","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=21210"},"modified":"2019-09-27T12:27:07","modified_gmt":"2019-09-27T00:27:07","slug":"chinese-buyers-are-getting-ready-to-flock-back-into-australias-cheap-property-market","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/chinese-buyers-are-getting-ready-to-flock-back-into-australias-cheap-property-market\/","title":{"rendered":"Chinese buyers are getting ready to flock back into Australia&#8217;s &#8216;cheap&#8217; property market"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p><strong>PHOTO:\u00a0\u00a0A weak Aussie dollar is delivering an 11.1% discount on Australian property for Chinese (Photo by China Photos, Getty Images)<\/strong><\/p>\n<ul>\n<li><strong>Chinese have ranked Australia as their number one destination to buy property, with 27% of tourists telling Chinese portal Juwai they\u2019ll consider buying a property on their next overseas trip.<\/strong><\/li>\n<li><strong>Of the Australian cities, Melbourne was ranked by almost half of all Chinese buyers as their top pick. Sydney and Brisbane, with Brisbane singled out for its more affordable market.<\/strong><\/li>\n<li><strong>After a couple years of declining Chinese activity in the market, renewed interest could lead to a boom in prices, with the depreciation of the Australian dollar securing an 11.1% discount for Chinese buyers.<\/strong><\/li>\n<\/ul>\n<p>Of the\u00a0<a href=\"https:\/\/www.abs.gov.au\/ausstats\/abs@.nsf\/Latestproducts\/3401.0Main%20Features3Jul%202019?opendocument&amp;tabname=Summary&amp;prodno=3401.0&amp;issue=Jul%202019&amp;num=&amp;view=\" target=\"_blank\" rel=\"noopener\">1.2 million Chinese tourists<\/a>\u00a0visiting Australia every year, as many as a quarter could be looking to buy a property here, a new study has suggested.<\/p>\n<p>As many as 27% of mainland Chinese said they would be shopping for a property on their next overseas holiday, according to\u00a0<a href=\"http:\/\/downloads.juwai.com\/pdf\/chinese-australian-investment-tracker.pdf\" target=\"_blank\" rel=\"noopener\">a survey by property portal Juwai<\/a>. Of those, Australia is their number one international destination to buy, as rocketing enquiries set up a possible resurgence in foreign buyer activity.<\/p>\n<p>\u201cChinese buyer enquiries have posted two consecutive quarters of year-on-year growth for the first time since 2016,\u201d the report said. \u201cIn the first quarter, Chinese demand was up 40% compared to a year earlier. That followed a 54% gain in the fourth quarter.\u201d<\/p>\n<p>READ MORE VIA <a href=\"https:\/\/www.businessinsider.com.au\/chinese-buyers-are-getting-ready-to-flock-back-into-australias-cheap-property-market-with-one-city-emerging-as-their-clear-favourite-2019-9\">BUSINESS INSIDER<\/p>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script><br \/>\n<ins class=\"adsbygoogle\"\n     style=\"display:block\"\n     data-ad-format=\"autorelaxed\"\n     data-ad-client=\"ca-pub-6145729223818696\"\n     data-ad-slot=\"4282549428\"><\/ins><\/p>\n<p><script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script><\/p>\n<p><\/a><\/p>\n<p>&nbsp;<\/p>\n<p>https:\/\/www.instagram.com\/p\/B2vXAd1lvtI\/?utm_source=ig_web_copy_link<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; PHOTO:\u00a0\u00a0A weak Aussie dollar is delivering an 11.1% discount<span class=\"more-link\"><a href=\"https:\/\/propertynoise.co.nz\/au\/chinese-buyers-are-getting-ready-to-flock-back-into-australias-cheap-property-market\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":21213,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478098573,478098512,478102591,478099464,478098521,478098538,478098726,478098892,478098562,478098516,478098519,478098535,478098522,478107043,478098873,478098579,478098510,478099958,478098514,478098575,478098511,478098705,478098533,478098509,478098536,478098618,478098677],"class_list":["entry","author-data123nz","post-21210","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-apartment","tag-australia","tag-australian-dollar","tag-australian-property","tag-australians","tag-brisbane","tag-chinese-buyers","tag-corelogic","tag-foreign-buyers","tag-gold-coast","tag-home-ownership","tag-house-prices","tag-interest-rates","tag-juwai","tag-property-investment","tag-property-market","tag-property-news","tag-property-website","tag-propertynoise","tag-queensland","tag-real-estate","tag-real-estate-agency","tag-real-estate-agent","tag-real-estate-news","tag-sydney","tag-sydney-property","tag-victoria"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Chinese buyers are getting ready to flock back into Australia&#039;s &#039;cheap&#039; property market - Property News Australia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/propertynoise.co.nz\/au\/chinese-buyers-are-getting-ready-to-flock-back-into-australias-cheap-property-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chinese buyers are getting ready to flock back into Australia&#039;s &#039;cheap&#039; property market - Property News Australia\" \/>\n<meta property=\"og:description\" content=\"&nbsp; PHOTO:\u00a0\u00a0A weak Aussie dollar is delivering an 11.1% discountRead More &rarr;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/propertynoise.co.nz\/au\/chinese-buyers-are-getting-ready-to-flock-back-into-australias-cheap-property-market\/\" \/>\n<meta property=\"og:site_name\" content=\"Property News Australia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/PropertyNoiseNZ\/\" \/>\n<meta property=\"article:published_time\" content=\"2019-09-27T00:24:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-09-27T00:27:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i2.wp.com\/www.propertynoise.com.au\/wp-content\/uploads\/2019\/09\/Chinese-have-ranked-Australia-as-their-number-one-destination-to-buy-property.jpg?fit=1024%2C648&ssl=1\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"648\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Property Noise Group\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@propertynoisenz\" \/>\n<meta name=\"twitter:site\" content=\"@propertynoisenz\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Property Noise Group\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/chinese-buyers-are-getting-ready-to-flock-back-into-australias-cheap-property-market\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/chinese-buyers-are-getting-ready-to-flock-back-into-australias-cheap-property-market\\\/\"},\"author\":{\"name\":\"Property Noise Group\",\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/#\\\/schema\\\/person\\\/175c8981af50e593000aa8ad7aab9d84\"},\"headline\":\"Chinese buyers are getting ready to flock back into Australia&#8217;s &#8216;cheap&#8217; 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