Some people say: “Chinese people prefer apartments and love to buy nominations.” No one should object to this view. According to a study by Investorist, Chinese buyers accounted for 60% of all overseas buyers who came to Australia to purchase apartment flats and were in an absolute dominant position.

The data from this study shows that the second highest is Indian buyers, accounting for only 6%.

But according to the report’s forecast, the proportion of Indian buyers will rise to 21% in the next year.

Although this is still only about one-third of the proportion of Chinese buyers, the rate of increase in its proportion is not to be underestimated.

Objectively speaking, not only Chinese and Indians are keen to invest in apartment buildings in Australia, but many other countries in Asia are also very optimistic about its future. Studies have shown that the number of uncompleted buyers in Vietnam and Indonesia will also grow rapidly.

Investorist is a online sales platform for flats. Its CEO, Jon Ellis, said that the prosperous investment scene of the past few years is no longer there. Due to changes in the Australian government’s policies, many investors are facing difficulties in lending and high stamp duty. With the decrease in investors, the demand for uncompleted flats in the market has gradually declined.

However, after the company surveyed more than 200 major developers and intermediaries in Australia, it was concluded that compared to 2017 and the first half of 2018, the housing market of new apartments in 2019 will perform better.

More than 70% of developers and intermediaries said their sales will improve significantly this fiscal year.

Melbourne is currently the most popular city for sale of apartment buildings across Australia. A report by the Housing Industry Association (HIA) shows that the top 20 “hotspots” in Australia are worth more than A$150 million and the population growth rate exceeds the Australian average. Of the 1.6% of the total, 12 are located in Melbourne, and it is no wonder that 60% of all the uncompleted sellers in Australia are concentrated in Melbourne.