Chinese buyers in Australia: Here for holidays and here to buy property

PHOTO: The Gold Coast’s infrastructure and relatively inexpensive property market is attractive to Chinese buyers. Photo: Glenn Hunt

Chinese buyers have Australian property set firmly in their sights again, with a new survey revealing nearly a third of Chinese tourists plan to shop for property while they’re on holiday.

Property portal Juwai’s new survey of Chinese consumers found that 27 per cent of mainland Chinese tourists planned to look at properties over the next year as part of their travels, and that Australia was their No.1 destination to go shopping.

In Juwai’s list of top Australian destinations by inquiry, Brisbane came in third and the Gold Coast fourth, after Melbourne and Sydney.

Juwai spokesperson Dave Platter said demand for Gold Coast real estate in particular was likely to increase as buyers continued to return to the Australian property market.

“On the Gold Coast in particular, in both of the past two quarters, Chinese buyer inquiries have gone up double digits,” he said.