Chinese investment in Australian property market declines a


Source: statenews.net statenews.net

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Beijing [China], May 18 (ANI): The escalating tensions between Canberra and Beijing have dampened the Chinese interest in Australian property and investments have declined by 29 per cent in 2020, according to data from Real Capital Analytics (RCA). Total investment in Australian property both from state-owned and private enterprises in China reached USD 935.5 million in 2019, falling to USD 664 million last year, South China Morning Post reported citing RCA's data. As of the first quarter of this year, it was down to just USD 22.7 million, according to RCA. The data tracked deals involving income-producing real estates such...