Rise in Chinese buyer enquiries for Australian homes

CHINESE buyer enquiries for Australian homes rose for a second quarter in a row in March, latest data from Juwai.com showed, signalling a possible revival of demand for the Pacific nation's beleaguered property market from a key investor base. Chinese enquiries jumped 40 per cent in the first quarter after a 54 per cent gain in the three months to December - the first consecutive year-on-year rise since 2016. The recent quarters of slow recovery could herald the light at the end of the tunnel for Chinese residential property investment in Australia.