China is entering a 50 year growth phase that will have a huge impact on the Australian property market.
According to China Development Bank Securities president Li Weibin, China will grow by about 15 per cent year on year and investors will focus their wealth on Australia’s commercial and residential property markets.
“On the issue of whether the increased appetite for the Chinese to invest in property is going to lead to speculative price increases or not, I certainly do believe so,” Mr Li told The Australian Financial Review.
Much of the demand for Australian property will be driven by Chinese investment in Australian businesses over the coming years.
Australia’s quick rebound from the GFC has also made it an attractive offer for Chinese investors.