Powered by MOMENTUM MEDIA
realestatebusiness logo

Subscribe to our newsletter

Most Aussies believe Chinese investors are raising housing prices

A survey has found that the majority of Australians believe Chinese investors are driving up housing prices and have made it harder for locals to buy their first home.

The research recently published by the University of Technology Sydney (UTS) has explored Australian views on the country’s relations with China.

The survey of 2,000 people included perspectives on real estate, with Australians expressing concerns about Chinese investment.

A clear majority (82 per cent) of respondents agreed that “foreign buyers from China drive up Australian housing prices”. A tenth of people were neutral on the thought, while 8 per cent disagreed.

Most (88 per cent) older Australians (aged 55 and above) said foreign buyers from China had raised house prices, while 86 per cent of Liberal/Nationals in the 2019 federal election agreed.

Advertisement
Advertisement

Seven in 10 (69 per cent) believed Chinese investors in Australian real estate have made it difficult for first home buyers to enter the market. A fifth were neutral on the statement, while 11 per cent disagreed.

Notably, respondents who voted for the Liberal/Nationals party at the 2019 federal election were more likely to say that Chinese investors had made entering the property market harder to achieve, with 86 per cent agreeing.

The same proportion (69 per cent) said that Chinese investors have negatively affected the rental market for residential real estate. A fifth (21 per cent) expressed neutrality and 10 per cent disagreed.

South Australian residents (at 77 per cent) were more likely to agree, compared with other states such as Western Australia (52 per cent).

Almost four in five (78 per cent) said Australia should restrict the amount of investment in residential real estate that is permitted from Chinese investors, while 7 per cent disagreed and 15 per cent were neutral.

The majority (86 per cent) of older Australians (aged 55 and above) were likely to agree, compared with 69 per cent of respondents aged 18-34.

The majority of Liberal/Nationals voters were also more likely to agree (83 per cent).

A third (33 per cent) believed that Chinese investment in Australian residential real estate brings many benefits for Australians, such as construction, new dwellings and jobs, but the majority (43.4 per cent) disagreed, while 23 per cent were neutral.

Younger Australians (aged 18-34) were more likely to agree, at 38 per cent, while 24 per cent of those aged 55 and above were less likely.

[Related: Australian cities’ house prices among world’s fastest rising]

Most Aussies believe Chinese investors are raising housing prices
Most Aussies believe Chinese investors are raising housing prices
mortgagebusiness

Sarah Simpkins

Sarah Simpkins is the news editor across Mortgage Business and The Adviser.

Previously, she reported on banking, financial services and wealth management for InvestorDaily and ifa.

You can contact her on This email address is being protected from spambots. You need JavaScript enabled to view it..

Latest News

The regulator didn’t appeal the decision of the Westpac expenses case due to the “economic and health crisis”, the former deputy chair...

The Reserve Bank of New Zealand has lifted the benchmark interest rate to 2 per cent, as it tries to get a handle on surging inflation. ...

The central bank’s assistant governor has reflected on when supply will meet demand, noting that while lowered prices are due, it is u...

VIEW ALL

Join Australia's most informed brokers

Do you know which lenders are providing brokers and their customers with the best service?

Use this monthly data to make informed decisions about which lenders to use. Simply contribute to the survey and we'll send you the results directly to your inbox - completely free!

What is the maximum proportion of income borrowers should use to service a mortgage?

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.