Key Facts:

  • Chinese investors have had a minimal impact on driving up home prices in Sydney, according to a new study.
  • The study analyzed data from the New South Wales state government on foreign investor purchases of residential real estate.
  • Chinese buyers accounted for only 2.1% of all transactions in Sydney, far less than previously thought.
  • The study also found that Chinese investors were not buying premium properties, but rather cheaper apartments and houses.
  • The research suggests that other factors, such as low interest rates and increased local demand, have had a bigger impact on Sydney’s housing market.

Article Summary:

A new study has revealed that Chinese investors have had a minimal impact on driving up home prices in Sydney, contrary to popular belief. The study analyzed data from the New South Wales state government on foreign investor purchases of residential real estate. It found that Chinese buyers accounted for only 2.1% of all transactions in Sydney, far less than previously thought. The research also dispels the notion that Chinese investors were driving up prices of premium properties. Instead, they were primarily purchasing cheaper apartments and houses.

The findings of the study suggest that other factors, such as low interest rates and increased local demand, have had a bigger influence on Sydney’s housing market. While foreign investment in real estate is a significant topic of discussion, this study indicates that the impact of Chinese investors on Sydney’s home prices has been relatively minor.

To read the full article, go to: https://www.interest.co.nz/property/124239/how-much-did-chinese-investors-drive-sydney-home-prices-it’s-less-you-might think