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PHOTO: Chinese Global Property Investment Report
Juwai.com’s 2018 Chinese Global Property Investment Report has revealed that Chinese buyers purchased $23.9 billion of Australian real estate in 2017. That consisted of $19.4 billion in residential and $4.5 billion in commercial acquisitions, and made Australia and New Zealand the biggest market for Chinese investment.
That figure is a drop of 26.8 per cent from the estimated spending in 2016 – $33 billion.
NZ received NZ$1.4 billion in investment. Combined, AU and NZ investment was down 23.2 per cent from 2016.
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