Chinese swept the Australian real estate experts: most injuries is Chinese

 Chinese financial policy to push the country's rich interest in Australian property market. Rich Chinese are looking for better opportunities, in order to obtain than in the Chinese domestic investment better returns, and the Australian housing market for these investors after American.

According to the foreign investment review board (FIRB) report, 2012, from China mainland buyers in Australia spent nearly 4,000 Millions yuan.

Andrew chief executive Taylor Juwai.com said, "our user data show that China property buyers interested in Australian assets rose by 370% in the past year. Investment and way of life are the two most important consideration. High quality education, health care, immigration is an important influence. 550000 to 750000independent houses and apartments are the most popular."

Australian media headlines are often reported a seaside house sold millions of dollars. It is reported, Mosman inSydney Harbour District, the 30-40% price of more than 300 millions of property is sold China buyers. SydneyUniversity, adjunct associate professor John Lee says, the market has attracted Chinese wealthy, they are willing toexceed market prices purchase these properties. "We are at the top of the Pyramid 1-2% Chinese rich and their relatives in Australia, these people money to buy property."

Lee said, "China capital control, to put the money to go out very difficult. For Chinese many wealthy, the purchase of real estate is to put money into safe assets -- such as a strategy of Australian homes -- the. That is to say, they did not want to have assets in Australia, more just want to put the money out of Chinese. Much of the money is illegal.Therefore, they may set up a false trade company in the overseas, then claimed that the money is used for overseastrade, but is actually used for investment. According to estimates, in the past 10 years, with a $4 capital by this method from the Chinese. Another method is through a variety of financial companies to provide a complex scheme to make money out of China. But please note, only rich people will use these methods."

There are other reasons why prices strong, including low interest rates. Lee says, from China funding is not sufficient to disrupt the Australian market. But, he added, the richest of the rich in the long run can cause problems for China. According to estimates, in the Fortune top 1% China City family owned more than 30% of current assets,such as cash, savings, stocks and bonds. "It is estimated, if these Chinese wealth transfer 20% of the net assets ofthe China...... It will lead to serious liquidity issues in China. Obviously, if the credit dried up, so economic growth will wither."

Chinese for residential property of the preference for the China impact may be far greater than the impact onaustralia.

In response, Hongkong, Singapore, Canada have increased demand, to increase prices to control the internationalreal estate investors.

Taylor said, in Australia, we focus on Chinese buyers on the body, but in fact the largest overseas purchase groupsstill comes from America. "Now we have buyers from around the world, this is all just part of the global economic integration."