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Sydney experiences a flurry of Chinese investments

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Sydney is one Australian city that's showing no sign of slowing down in the near future - whether it's in terms of population growth or property developments.

It's also a hotspot of Chinese real estate investments, with Juwai reporting that the final two months of the year saw a "flurry of investment activity in Sydney from China". The firm explained that this was driven largely by Chinese property developer giants.

Chinese bodies included Vision Investment Group, which bought 233 Castlereagh Street office block and Sunshine Insurance, which bought Sheraton on the Park Hotel.

These developments are likely to continue well into this year, especially with such significant investment in the final two months of 2014.

"As the credibility of the Australian property market continues to strengthen in China, the level of investment will undoubtedly increase," explained Brian White, Chairman of Ray White.

Juwai also detailed the changes in the Sydney housing market, with house prices expected to rise between 5 and 7 percent this year. While a decrease in price from last year (12.4 per cent), Juwai explains that prices will stabilise in the second half of the year, as supply and demand balance.

The firm noted several possible suburbs of interest for Chinese investors interested in Sydney property, including:

  • Liverpool - The affordable housing prices and major increases in infrastructure are expected to drive demand for Liverpool housing,
  • Camden - Infrastructure is set to grow demand for Camden properties in 2015. The South West Rail Link, a project designed to cut down on transit times and boost capacity, will play a vital role in growing the value of Camden housing.

This year is only just getting started, but the possibilities for Sydney property are certainly exciting - there are sure to be a number of opportunities for Chinese property investors.

Date Published: 16 Feb 2015
Category: AsiaGeneral NewsNews

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