Sunday, May 20, 2012
    
 
 
China to Drive Aussie Property
 
   
It seems that Aussie property investors and home buyers will soon have some competition, which could turn a reasonably flat property market into boom again. According to Chinese officials, China is entering a 50 year growth phase that will have a huge impact on the Australian property market.

China Development Bank Securities president Li Weibin, has said that China will grow by about 15 per cent year on year and investors will direct their wealth into Australia’s commercial and residential property markets.

“On the issue of whether the increased appetite for the Chinese to invest in property is going to lead to speculative price increases or not, I certainly do believe so,” Mr Li told The Australian Financial Review.

Australia’s quick recovery from the Global Financial Crisis has also made it an attractive offer for Chinese investors.

It has been widely reported that our property markets are suffering from a chronic undersupply, with vacancy rates well below 2% in all capital cities and most regional centres. Whilst current economic conditions seem to be keeping a lid on prices, rents are predicted to continue soaring on the back of continued shortages.

Given that more and more Aussie investors are entering the market and the eyes of Chinese investors are looking towards our shores it seems that property may be running hot again fairly soon.
 
 
    
 
 
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