31% of Australian development site sales in 2018 to Chinese
• Chinese developers purchased $1.3bn worth of Australian residential development sites in 2018
• Of the 31% of sites snapped up by Chinese developers, sites suitable for low-density living (houses) rose from 29% in 2017 to 41% in 2018
• The report also found that almost 11% of all new apartments built in 2018 were by Chinese developers, with this share projected to rise to 22% in 2021 for the major Australian cities.
• Knight Frank’s latest report, Chinese Developers in Australia – Market In