China's overall investment will rise in 2015 as the focus in Australia will increase from gateway cities to Brisbane and smaller capital
According to Chinese investment abroad Real Estate Worldwide Knight Frank Australia and the 2015 report will be another record year for Chinese investment.
Knight Frank senior director of Asian markets, said Dominic Ong capital markets last year was just over $ 4,000 million invested expected in trade and development of Australia by the Chinese sites and more investors in 2015.
He said that so far most of the overseas investment of China in Australia has focused in gateway cities of Sydney and Melbourne.
"The next wave of Chinese investors are diversifying more and expanding in areas such as Brisbane, Adelaide, Gold Coast, Perth and metropolitan suburbs of New South Wales and Victoria," Ong said.
"These investors also diversify by expanding its distribution by sector of the front office and residential developments and leisure hotels, student housing, industrial goods and mixed-use developments,."
In the last 12 months in Queensland development project Jewel $ 300 million in the Gold Coast; Guangzhou R & F $ 46 million purchase of the former headquarters of TAFE in South Brisbane: $ 47.5 million purchase of Hong Shing Lee 300 Adelaide St in the Brisbane CBD and $ 62 million purchase of the hotel Sofitel Broadbeach Huayu Group have It was the highlights.
The report found that what was initially a foray into commercial property in Australia by Chinese sovereign funds has now expanded into buying sprees by Chinese developers, banks, ultra high net worth and institutional investors.
According to the director of Knight Frank Group research and consulting Matt Whitby, one of the most powerful push factors it has been the ongoing consolidation of the residential real estate market of China.
He said that in March this year all 70 major Chinese cities showed annual house price falls, compared to March 2014, when only one city recorded an annual decline.
"The recent cuts in lending rates in China and the reserve requirement ratio can help increase confidence in the housing market," Whitby said.
"However, we expect property prices to remain under increased pressure in 2015, as it is unlikely to rebound while developers continue to clear inventory and pull back on new projects in prices."
Mr. Whitby said depreciation of the Australian dollar by 33 percent against the Chinese renminbi since the last peak in April 2011, and 19 percent since mid-2014, has strengthened the purchasing power of Chinese investors.
"The foreign investment has become relatively cheaper and many Chinese and Hong Kong investors see this as a good opportunity to acquire assets abroad," he said.
"Another factor increasing the flow of capital into Australia ... is significant predominantly Investor Visa scheme has been taken by Chinese investors.
"This process has been refined with an Investor Visa Premium, which offers greater speed, 12-month path to permanent residence for those who play an AU $ 15 million threshold and will be officially launched on July 1st"
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