Chinese developers' australian invasion

Chinese developers continue to invest heavily in the Australian international homes market, spending at least AUD $7.5 billion on new residential development sites in the country in the past two to three years.

Asian buyers are “vital” to the success of future residential developments and developers must engage with them, says Morry Schwartz, head of Melbourne-based property developer Pan Urban.

Schwartz believes that buyers from other Asian economies such as Malaysia and Indonesia are also joining with their colleagues in China in viewing Australia as a safe haven for long-term overseas property investments.

“Sometimes Chinese people who are living in Malaysia or Indonesia feel slightly insecure about buying where they live because there may be anti-Chinese sentiment in those countries,” he says.

Source: OPP.org.uk