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Chinese Property Investors Prefer Melbourne

By Matt Hurlston

Melbourne has proven more popular than Sydney and the Gold Coast in the first comprehensive portrait of Chinese buyers of international property.

The report was complied by and gathered data based on six months of online property views and call centre enquiries.

Over 100 destinations across 36 countries were identified as common choices for Chinese investors. The top countries included the US, Britain, Singapore and Australia.

Property in Melbourne received enquires and views more frequently than any other city in Australia, which shows Chinese real estate buyers recognise Melbourne's superior lifestyle.

The report also discovered that more than 60 per cent of 2.8 million "high-net-worth'' Chinese individuals are already engaged in overseas investment, immigration or education.

Key motivations for buying property overseas are for children's education, wealth security and preparation for retirement.

Carnegie is a popular choice for Chinese investors, with almost 5 per cent of residents of real estate in Carnegie born in China, according to data collected by Australian Property Monitors.

If you are an overseas investor interested in Carnegie real estate, get in touch with Matthew Hurlston and the friendly team at Ray White Carnegie.

Our Business Development Officers can work exclusively with overseas investors who own real estate in Carnegie and members of our staff speak fluent Mandarin, Cantonese, Malay, Greek, Vietnamese and Italian – ensuring communication is always clear.

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