Chinese home buyers have become the largest overseas investment group in the real estate market in Australia during the first half of 2015.
More Chinese tourists, dwellers and bilateral trade have led to the increase.
One third of new houses in Australia were bought by foreigners, with China overtaking the United States to become the largest overseas home buying group in Australia this year.
As for the commercial real estate market, Chinese investment is ranked in second place behind Singapore.
Statistics show that one fourth of Chinese overseas real estate investment was in Australia during the first quarter of the year. Sydney and Melbourne are the top two cities that overseas Chinese have the most interest in.
Tony Lu, president of Aushin Holding Ltd., says the exchange rate is beneficial for Chinese buyers.
"This might be related to foreign exchange. In the past, the Australian dollar-yuan exchange rate was 1:6, but now it is about 1:4.5 to 1:4.8, which means that the Chinese home buyers could enjoy a 30 percent discount when buying houses here."
