Salient to Investors:
Credit Suisse said:
- Chinese buyers are pouring into the Australian residential market every year, pricing out a generation of Australians from the housing market, with many facing a lifetime of renting.
- Over the past 5 years, Sydney prices have risen by 45% and Melbourne by more than a third, as they remain the most popular destinations for Chinese buyers, who are buying 18% of new housing in Sydney and 14% in Melbourne.
- The Chinese will continue to invest and their buying will rise 30% by 2020.
- Australian companies should benefit from the next stage of China’s economic development.
Read the full article at http://www.bbc.com/news/business-26445106
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