APRA-led restrictions on lending to foreign investors, as well as the crackdown on capital outflows from the Chinese Government, appears to have moderated Chinese developer demand in Australian property, with Knight Frank’s latest report on Chinese Developers in Australia revealing that the share of sites purchased by Chinese investors and developers fell in 2017, although it was still well up on 2013 to 2015:
Chinese developers have continued to dominate foreign investment in residential development sites across Australia. Many are now well-established in the local market.
The full text of this article is available to MacroBusiness subscribers
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
