International

Chinese investment in Australian real estate crucial to economy

Foreign investment in real estate has long been a politically and financially contentious issue in Australia, with bipartisan support for foreign investment from both sides of the political aisle to allow overseas investment in real estate.

However, erroneous misconceptions remain as to the actual impact that foreign, and in particular Chinese investment has in Australia.

Despite substantive evidence to the contrary, such as the findings of an Australian Treasury report late last year, a definitive intercultural relations breakdown persists among the populace, with many keen to point the finger at Chinese and other foreign nationals for the price growth in the major Sydney and Melbourne housing markets.

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