Chinese investors investment strategies in the Australian residential property market

Wong, P, Higgins, D and Wakefield, R 2017, 'Chinese investors investment strategies in the Australian residential property market', Pacific Rim Property Research Journal, vol. 23, no. 3, pp. 227-247.


Document type: Journal Article
Collection: Journal Articles

Title Chinese investors investment strategies in the Australian residential property market
Author(s) Wong, P
Higgins, D
Wakefield, R
Year 2017
Journal name Pacific Rim Property Research Journal
Volume number 23
Issue number 3
Start page 227
End page 247
Total pages 21
Publisher Routledge
Abstract Active participation by foreign investors in Australian residential property market is common subsequent to the Global Financial Crisis 2008. Many residential properties in the Australian capital cities were purchased by overseas buyers. An estimated 18% of new dwellings in Sydney and 14% in Melbourne were purchased by foreigners in 2014. Simultaneously, house prices rose by 6.0% in 2014 and 5.0% in 2015 in the Australian capital cities. The focus of this research is to uncover the emerging determinants for the Australian residential property market. Cross border semi-structured interviews were conducted in Shanghai (China), the first such undertaken in Australia. Some unique investment strategies of the private investors from China emphasised on non-capitalist factors, such as early education and residential tourism, were identified along with some insights on the Chinese government policies that have incentivised the cross border investments from China. It is believed that understanding these investment strategies will assist policy makers to effectively manage the overheated Australian residential property market without compromising the steady flow of Foreign Real Estate Investment.
Subject Housing Markets, Development, Management
Macroeconomics (incl. Monetary and Fiscal Theory)
International Economics and International Finance
Keyword(s) Australian housing market
Foreign Real Estate Investment (FREI)
China government policies
Asia Pacific wealth
Residential Tourism (RT)
education
DOI - identifier 10.1080/14445921.2017.1372037
Copyright notice © 2017 Pacific Rim Real Estate Society
ISSN 2201-6716
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