Chinese to invest $60 billion in Australian housing

A new report from Credit Suisse estimates that Chinese investors will pump $60 billion of investment into Australian housing over the next 6 years, more than double that invested over the past 6 years at $28 billion. To date Chinese investment has been overwhelmingly focussed on the most familiar property markets of Melbourne and Sydney, with around 80 per cent of foreign investment hitting Victoria and New South Wales. However, new stamp duty surcharge proposals from the Victorian government could force some foreign investment away from Melbourne. A look in more detail here.: (VIEW LINK)