‘Every Chinese buyer makes 4 homes available for locals’

The report also shows that while Chinese buyers are active across all price ranges, more than half are seeking property between $200,000 and $500,000.

Gavin Norris, head of Juwai.com’s Australian operations, said these figures are “great news” for Australian first-time buyers.

“When offshore investors purchase off-the-plan, they give developers the security they need to start construction on the new buildings that will provide homes for Australians,” he said.

“The Property Council of Australia tells us that every Chinese buyer makes four homes available for local buyers.”

When it comes to the motivations for wanting to purchase property in Australia, the report found that ‘investment’ was the most popular incentive (36 per cent) for Chinese buyers, followed by ‘emigration’ (34 per cent), ‘education’ (18 per cent) and ‘lifestyle’ (7 per cent). Only 5 per cent of Chinese buyers listed ‘other’ as a motivator.

Melbourne was the top Australian city for Chinese buyers based on consumer inquiry value, followed by Sydney, Brisbane and Adelaide, with the Gold Coast rounding out the top five.

[Related: CEO calls for impartial foreign investment policy]