Chinese investors investment strategies in the Australian residential property market

Weng, Pong Yew and Higgins, David and Wakefield, Ron (2017) Chinese investors investment strategies in the Australian residential property market. Pacific Rim Property Research, 23 (3). pp. 227-247. ISSN 1444-5921

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Abstract

Active participation by foreign investors in Australian residential property market is common subsequent to the Global Financial Crisis 2008. Many residential properties in the Australian capital cities were purchased by overseas buyers. An estimated 18% of new dwellings in Sydney and 14% in Melbourne were purchased by foreigners in 2014. Simultaneously, house prices rose by 6.0% in 2014 and 5.0% in 2015 in the Australian capital cities. The focus of this research is to uncover the emerging determinants for the Australian residential property market. Cross border semi-structured interviews were conducted in Shanghai (China), the first such undertaken in Australia. Some unique investment strategies of the private investors from China emphasised on non-capitalist factors, such as early education and residential tourism, were identified along with some insights on the Chinese government policies that have incentivised the cross border investments from China. It is believed that understanding these investment strategies will assist policy makers to effectively manage the overheated Australian residential property market without compromising the steady flow of Foreign Real Estate Investment

Item Type: Article
Additional Information: This is an Accepted Manuscript of an article published by Taylor & Francis in Pacific Rim Property Research Journal on 6th September 2017 available online https://doi.org/10.1080/14445921.2017.1372037
Uncontrolled Keywords: Australian housing market, Foreign Real Estate Investment (FREI), China government policies, Asia Pacific wealth, Residential Tourism (RT), education
Subjects: K900 Others in Architecture, Building and Planning
Divisions: Faculty of Computing, Engineering and the Built Environment
Faculty of Computing, Engineering and the Built Environment > School of Engineering and the Built Environment
Faculty of Computing, Engineering and the Built Environment > School of Engineering and the Built Environment > Resilient Environments
UoA Collections > UoA16: Architecture, Built Environment and Planning
Depositing User: $ Ian McDonald
Date Deposited: 16 Nov 2017 14:00
Last Modified: 21 Nov 2017 08:47
URI: http://www.open-access.bcu.ac.uk/id/eprint/5321

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