Record Australian buys for Chinese property investors

0 Comment(s)Print E-mail Xinhua, October 13, 2014
Adjust font size:

Chinese property buyers have spent a record 462 million Australian dollars (400 million U.S. dollars) on Queensland real estate last financial year, a 43 percent increase than a year earlier, a report said on Monday.

The latest annual report of Queensland's Foreign Ownership of Land Register Act released on Monday showed that the Chinese almost doubled their real estate spending in the Brisbane City Council area during 2013-14, to a record 185 million Australian dollars (160 million U.S. dollars), up from 96 million Australian dollars (83 million U.S. dollars) in the previous year.

On the Gold Coast, Chinese investors topped the list of foreign buyers by purchasing 196 million Australian dollars (170 million U. S. dollars) worth of property during 2013-14, 5.9 percent more than 2012-13. Endi

Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter