Chinese property investment in Western Australia is expected to lift, with the number of households with money to buy international real estate tipped to increase by 50 per cent by 2025.
Juwai Group chief executive Kashif Ansari said the international property group’s latest report analysed buyer inquiries in the first six months of 2023 and found the top destination for Chinese cross-border home buyers were Australian cities, followed by Canada, UK and the USA. Ansari said Chinese buyers had accumulated record savings and were looking overseas for opportunities to invest this money. In the first nine months of 2022 alone, Chinese savings deposits soared in value by US$3.6 trillion. https://www.watoday.com.au/national/western-australia/cashed-up-chinese-investors-tipped-to-spend-big-on-perth-property-market-20230719-p5dpol.html
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