Chinese are still the main buyers of Australian Property-Real Estate

Chinese, South Koreans, Singaporeans, South Africans, Russians - on Australian Property-Real Estate

Chinese, South Koreans, and Singaporeans are the top foreign buyers who are acquiring land throughout Australia and Queensland in particular, with South Africans and Russians not far behind according to a report tabled in Queensland parliament.   

In recent years, people from the UK easily dominated foreign ownership of Queensland property, and the annual report follows real estate figures that showed South Africans and Russians were rapidly joining the queue to buy residential properties with the Gold Coast being on the top of the list.   

The annual Foreign Ownership of Land report found foreigners from 135 countries are continuingly investing in Australian  Property-Real Estate.   It is thought that overseas buyers own a total of almost 4.5 million hectares, or 2.56 per cent of the total land area.  

But the Government does not have correct collective data that exposes the exact figures, which is very disappointing indeed but one thing for sure and that is that Chinese are the big spenders followed by South Koreans, Singaporeans, South Africans, Russians, Singaporeans, UK, Switzerland, and the Netherlands.