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Foreign Real Estate Investment and the Australian Residential Property Market A Study on Chinese Investors
<?xml version="1.0" encoding="UTF-8"?> <article key="pdf/10007501" mdate="2017-06-03 00:00:00"> <author>Peng Yew Wong</author> <title>Foreign Real Estate Investment and the Australian Residential Property Market A Study on Chinese Investors</title> <pages>1561 - 1570</pages> <year>2017</year> <volume>11</volume> <number>6</number> <journal>International Journal of Economics and Management Engineering</journal> <ee>https://publications.waset.org/pdf/10007501</ee> <url>https://publications.waset.org/vol/126</url> <publisher>World Academy of Science, Engineering and Technology</publisher> <abstract>House prices in the Australian capital cities were at record levels subsequent to Global Financial Crisis (GFC) 2008 and many believed that foreign investors, especially the Chinese investors, were the main reason for the Australian capital cities&amp;rsquo; house prices escalation. This research conducted an Australian cross border semistructured interviews in Shanghai, China to uncover historical evidence and emerging trend supporting the existence of a significant relationship between overseas investors and residential housing markets performance in Australia subsequent to the GFC 2008. Some unique investment strategies of private investors from China which emphasised on noncapitalist factors such as early education were identified, alongside with some insights on the significant China government policies that have incentivised the cross border investments from China. It is believed that this understanding will assist policy makers to effectively manage the overheated Australian residential property market without compromising the steady flow of FREI. </abstract> <index>Open Science Index 126, 2017</index> </article>