Chinese real estate investors have been quite active in the Sydney real estate market, leading to an increase in home values and overall demand alike. Sydney is perceived by Chinese investors as a good place to invest in residential realty for future returns. Investments usually go up during special and festive occasions like the Golden Week of Festivities in China. This is usually regarded as a good time to buy property locally or even globally.
Overall interest in Australian real estate has come down a little in case of Chinese real estate investors. Chinese property buyers have accounted for 6.3% of property purchases over the last three months as compared to 9.2% earlier. The biggest attractions for Chinese real estate buyers in Sydney continue to be the CBD which is a major hotspot, Olympic Park, Chatswood, Edmondson Park and Parramatta. Earlier, they preferred Castlecrag, the suburb on the north shore along with the CBD in Sydney and Pyrmont, Marsden Park and Ryde.
Here’s taking a look at some of the most popular investment destinations in Sydney for Chinese real estate buyers and investors-
- Olympic Park
- Edmondson Park
- Macquarie Park
- West Ryde
- Potts Point