China Dominant Buyer of Australian Development Sites in 2018
Knight Frank | February 19, 2019
Based on Knight Frank's latest report, Chinese Developers in Australia - Market Insight 2019, thirty one percent of Australian development sites in 2018 were bought by Chinese developers who purchased $1.3 billion worth of Australian residential development sites in 2018. This figure was down from $2.02 billion in 2017, or one-third of all site sales. Of all Australian sites purchased by Chinese developers and investors in 2018, 41% were suited to low density (single dwellings or landed properties) - up from 29% in 2017 and just 2% in 2013.