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Chinese Focus on Australian Property
Brief:Chinese investment into Australian real estate has grown by almost 60 per cent in the past two years, and this year more Chinese investor focus on property in Sydney.
Chinese investment into Australian real estate has grown by almost 60 per cent in the past two years, with Chinese buyers and developers targeting Sydney and inner-city Melbourne.

The most recent figures available from the Australia Foreign Investment Review Board show Chinese property investment during the 2011-2012 financial year was worth $4.2 billion, with China the biggest foreign investor in the domestic property market, behind the US ($8.16bn) and Singapore ($5.7bn).

Chinese or Chinese-backed developers have turned their focus to Sydney this year, buying more than $600 million worth of development sites, with real estate firm Colliers International noting that nearly 5000 units are planned for the sites.
 

The Australia
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