The Urban Developer
AdvertiseEventsWebinarsUrbanity
Industry Excellence
Urban Leader
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
AFFORDABLE HOUSING DEVELOPMENT SUMMIT THIS THURSDAY
AFFORDABLE HOUSING SUMMIT THIS THURSDAY
EVENT DETAILSDETAILS
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
ResidentialTaryn ParisFri 26 Mar 21

Chinese Investors Tipped to Return This Year

TUD+ MEMBER CONTENT
597d366d-afc6-4300-be58-8381aa055885
SHARE
33
print
Print

Chinese investors will re-enter the Australian real estate market in the second half of this year according to Asian proptech company Juwai.

Australian real estate attracts more than six times the Chinese GDP-adjusted investment than that of the United States, but it has dropped significantly due to travel bans during the Covid-19 pandemic.

Chinese investment enquiries in Australian real estate fell almost 20 per cent last year during the pandemic. But Asian proptech firm Juwai is forecasting a turnaround in the second half of 2021.

“Chinese real estate enquiry levels in Australia should begin to recover in 2021 as the pandemic recedes and Asian economic wealth-creation machines continue to bounce back from their early 2020 doldrums,” a Juwai spokesman said.

“Because of the pandemic-related economic uncertainty and closed borders, aggregate Asian cross-border residential investment fell significantly in 2020.”

Australia: Chinese real estate buying index

^Source: Juwai Q1 2021 Report - Residential Real Estate

A Juwai spokesman said post-pandemic Australia would continue to appeal to Chinese migrants, second-home buyers, tourists and students.

“Two factors have supported overseas demand for Australian real estate throughout the pandemic, especially in new properties,” he said.

“The first factor has been consumer sentiment, which has been positively affected by the Chinese economic revival

“The second is the real estate industry's rapid response to the travel bans.

“The industry successfully deployed technology that enabled buyers to research, inspect, negotiate for, purchase, and manage overseas properties, entirely online.

“It took just six months for the industry to make 10 years' technological progress.”

Juwai is forecasting foreign buying, including acquisitions made by permanent residents, should reach pre-pandemic levels by the end of 2022.

ResidentialAustraliaReal EstateSector
AUTHOR
Taryn Paris
More articles by this author
ADVERTISEMENT
TOP STORIES
Exclusive

Missing Heart: Why The Gold Coast Needs a CBD

Phil Bartsch
7 Min
Traders in purple Northsea Wollongong EDM
Exclusive

Affordable Housing Bonus Drives Mixed-Tenure Momentum

Clare Burnett
6 Min
Exclusive

Industry Stoush Looms Over Construction Code Pause

Patrick Lau
4 Min
Exclusive

New Wave of Capital Washes Over Evolving Surf Park Sector

Phil Bartsch
11 Min
North Sydney TUD Plus HERO
Exclusive

NSW Housing Fix Tips North Sydney into New Era

Vanessa Croll
7 Min
View All >
Policy

Roundtable’s Housing Reforms Face Real-World Delivery Test

Vanessa Croll
Exclusive

Missing Heart: Why The Gold Coast Needs a CBD

Phil Bartsch
Woollahra Station EDM
Residential

NSW Plans to Bring Eastern Sydney ‘Ghost Station’ to Life

Clare Burnett
The scheme to complete Woollahra station and rezone to allow 10,000 more homes has not been met with universal support…
LATEST
Policy

Roundtable’s Housing Reforms Face Real-World Delivery Test

Vanessa Croll
5 Min
Exclusive

Missing Heart: Why The Gold Coast Needs a CBD

Phil Bartsch
7 Min
Woollahra Station EDM
Residential

NSW Plans to Bring Eastern Sydney ‘Ghost Station’ to Life

Clare Burnett
4 Min
HB+B Orchard Hills EDM
Industrial

HB+B Plots ‘Benchmark’ $172m Western Syd Industrial Project

Clare Burnett
2 Min
View All >
ADVERTISEMENT
Article originally posted at: https://www.theurbandeveloper.com/articles/chinese-real-estate-investment-bouncing-back-in-2021