Chinese Investment in Australia Declines

Chinese investment in Australia has continued to fall, putting it fifth behind the United States which has consolidated top spot in the foreign funding rankings. US investment in Australian real estate soared to $19.5 billion in the 2018-19 financial year, more than three times what it was the year prior, followed by a jump in Canadian investment from $2.1 billion to $13.3 billion. As North America’s investment has grown, investment levels from China halved in a year from $12.6 billion to $6 billion last financial year, ranking it fifth largest source country for real estate investment behind Singapore and Hong Kong.