Determinants Of Residential Property Investment

1210 Words5 Pages
Determinants of Chinese investing in Melbourne’s residential property Sydney had an obvious ascent of 13.9% in residential property prices whilst Melbourne had 9.6% increases in that of prices throughout a year (ABS 2015b). Melbourne has a steadier residential market compared to Sydney, albeit Melbourne is situated on second, it did not experience falling in housing prices during September 2015 to December 2015 (ABS 2015b). Sydney had an overall immense increment from 2014 to 2015 due to growth on June and September (ABS 2015b). Australian Bureau Statistic (2015a) has ranked Chinese as third largest migrants in Australia and first largest from Asian countries. Recently, Chinese has been broadly discussed by news media regarding the foreign investment in Australia’s residential property (FIRP) (BBC news 2016). Thus, it is significant to identify the driving force for Chinese investing in Australia’s residential property market. This research paper aims to discover the determinants of residential property investment by Chinese in Melbourne and its significance to investor’s decision. Numbers of literature will be reviewed to examine the possible motivation for foreign direct investment (FDI) in Australia real estate. Following factors will then be graded and ranked in accordance with its weight in Chinese investment decision on Australia’s residential property. Questionnaires will be adopted as the methodology of this research topic. Research methodology will be further
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