A recent study sheds light on the minimal influence Chinese investors have on the housing market in Sydney, Australia. Housing market impact: The research, conducted by the University of Technology Sydney researchers Xunpeng Shi and Song Shi and published in the Journal of Housing Studies, analyzed the consequences of China's currency control policies implemented in 2017. Prior to these restrictions, it was relatively easy for Chinese investors to move their money abroad, leading to substantial investment in Australian real estate, particularly in Sydney.
The pandemic influence on the property market is still being felt, shows a new report on NSW. The state is on the downturn for property prices after a long upswing.
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