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Rich Chinese Eye Australia Homes As 700,000 To Leave By 2025

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Australia is the top overseas destination for Chinese property hunters in the first half of this year, according to real estate firm Juwai IQI’s latest ranking.

Chinese appetite for property Down Under topped their interest in other popular markets like Canada, the UK and the US, the report said, based on the number of buyer inquiries received on the platform.

The United Arab Emirates, which ranked 13th in 2021, shot up to eighth place. Germany fell out of the top 10, which included four Southeast Asian countries.

Read the full story on Bloomberg here.