Futuristic Chinese developer snaps up 363 hectares in outer Melbourne
Country Garden, the Chinese developer that plans to build 'Forest City' on four man-made islands between Singapore and Malaysia, has acquired a parcel of land in the outer suburbs of Melbourne, and intends to build 4,000 homes.
Business entrepreneurs and investors from Nanning will visit Bundaberg in June after real estate agent, Scott Mackey, led a delegation to the Chinese city earlier this month to promote his region’s opportunities.
Asia Pacific real estate investors looked to home markets in 2016
Asia Pacific real estate investors turned to their home markets in 2016 amid greater political and economic uncertainty, according to JLL's 'Real Estate Investment Flows: An Asia Pacific Perspective' report.
Australia still a property hot spot for Chinese buyers
Chinese investors are finding new ways to finance real estate purchases in Australia, with 40 per cent saying they would use vendor finance to buy property over the recent Golden Week holiday period, according to Jon Ellis of Investorist.
"Any speculation that mortgage rates are set to rise is likely to dampen activity in the housing market," says Tim Lawless, research director, CoreLogic.