Pete Wargent blogspot

CEO AllenWargent Property Buyers, & WargentAdvisory (institutional). 6 x finance author.

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Tuesday, 28 March 2017

Yuan-way bet?

Chinese whispers...

Nice to see the media warming to one of my long-running blog themes.

While the median apartment price in Sydney has increased by 49 per cent since August 2012, for Chinese buyers the price has increased by just under 21 per cent. 

And this while prices in some Chinese cities have exploded higher. 

This simple chart helps to explain why Chinese money continues to pour into Australian real estate. 


That said, it looks as though the Aussie dollar may have turned a bit of a corner against the Chinese yuan. 

Big show

Recent studies have concluded that Chinese buyers have been very prominent in Australia's main capital city markets.

Not that this could be much of a surprise to anyone actually active in those markets.

Even the official figures from the Foreign Investment Review Board showed that approvals had tripled in only two years.

I analysed these official data in more detail here

A veritable 'great wall' of money, you might say.