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Chinese increase Aussie home searches

By Staff Reporter
26 April 2013 | 1 minute read

Staff Reporter

Chinese buyer interest in Australian real estate is up significantly compared to 2012, new research has shown.

According to international property portal site Juwai.com, since December 2012 there has been a 61 per cent increase in property searches, whilst property viewings are up 162 per cent in the same period on the portal site.

Of the site's Chinese-speaking users, 82 per cent are located in mainland China and 18 per cent are located in Australia, south east Asia and other countries.

Juwai.com will also soon release data for other countries in Europe, Asia and North America.

Chinese buyers are increasingly searching for Australian real estate because of the stable housing market, according to Andrew Taylor, Co-CEO of Juwai.com.

"Chinese buyers seek out Aussie property because of Australia's stable housing market, regulatory protection and the fact that its time zone is very close,” he said.

“East coast Australia is only two hours different from Shanghai and Beijing, while Perth is in the same time zone as the Chinese cities.

“Recent initiatives such as the Significant Investment Visa have had a impact on cementing Australia as a preferred property investment destination, and the impending convertible currency deal, where the AUD and RMB convert directly, will nurture Chinese buyer interest into the future.

“It is an exciting time for the Australian property market.”

Chinese increase Aussie home searches
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Do you have an industry update?

top suburbs

12 month growth
Box Hill
127.02%
Mollymook
82.85%
Brightwaters
79.93%
Cleve
78.13%
Bawley Point
76.2%
Murrays Beach
75.57%
Terranora
70%
Crescent Head
69.38%
Park Ridge South
68.32%
Mollymook Beach
67.09%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
Subscribe to Newsletter

Ensure you never miss an issue of the Real Estate Business Bulletin.
Enter your email to receive the latest real estate advice and tools to help you sell.