Coronavirus Latest News

Sour relations between Beijing and Canberra dampen mainland Chinese investment in Australian property market

The worsening tensions between Canberra and Beijing have dampened the appetite of mainland Chinese for Australian property, with investments declining by 29 per cent in 2020, according to data from Real Capital Analytics (RCA).Total investment in Australian property both from state-owned and private enterprises in China reached US$935.5 million in 2019, falling to US$664 million last year. As of the first quarter of this year, it was down to just US$22.7 million, according to RCA. The data…

Read the original article at South China Morning Post

Related Articles

Back to top button
Close