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Chinese in Australia to buy



In the same year, China investment in Australia's agricultural sector increased from $3 million to more than $one billion. The tendency, part of the reason is China investment in Australia is a fertile land for the production and export of agricultural products, to Chinese.

The world needs Chinese middle class is broke and the fruit, meat, wine, mineral, and milk products from Australia. This trend shows no signs of slowing down.

Obesity is Australia and investment in land China. Photo: Agence France-Presse

In fact, the China consumers increasingly believe that mark "made in Australia." Melamine-tainted milk scandal, especially in 2008, at least six children died and tens of thousands of the pollution formula different from Australia is very popular here.

For another reason, according to Credit Suisse Group, is Chinese day rich. In 2011, the total assets of millionaires almost all of the total value of the equivalent of China in Australia's cabin. But now, this figure has doubled. Credit Suisse forecast assets in the world, Chinese middle class will continue to rise faster.

The money Chinese in Australia real estate prices high. The 98% price increase from the 2008 financial crisis at home in Sydney. In Melbourne, the speed is 84%, according to research firm CoreLogic (Australia).

Last year, five home real estate in Australia's largest investment from China, juwai.com agency. In New South Wales (87% - foreigners Chinese) bought a new 1/4 real estate, here, the latest report said, Credit Suisse Group.

Of course, officials of the two countries are not satisfied with their work, put forward a number of policies to limit cash flow from Chinese to Australia.

Australia has less preference to buy one of the countries. In New South Wales, a two-fold increase in tax and foreign buyers, the price in 8%. A series of measures Chinese government established last year also prevent the flow of capital flow.

"Capital control measures, Chinese role", Jane Road Branch Manager in Kuwait Australia said, "this reflects the huge amount of foreign exchange reserves China, and cash flow NDT slow flow".

This year, the average housing price juwai told Chinese bought $350 thousand in Australia. This figure fell to $40000 last year.

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