Home prices in Australia may be unaffordable for first-time buyers, but for Chinese investors Melbourne’s property prices have fallen to multi-year lows thanks to the depreciating Australian dollar. That’s the opinion of IG chief market strategist Chris Weston, who has looked at the Australian property market through the eyes on an overseas investor.

Computers could replace five million Australian jobs in the coming two decades, from accountants to real estate agents and even some of the roles now performed by doctors. A Committee for Economic Development of Australia report predicts almost 40 per cent of existing jobs will disappear because of technological advancements.

Warming sentiments towards the Asian giant had limits, however, with seven in 10 agreeing the government allowed “too much” Chinese investment in residential real estate. Economic optimism fell 13%, the largest drop in the poll’s history. It came off a high base: 63% of Australians remain at least optimistic about Australia’s economic performance over the next five years.