Owners of property in Adelaide will be pleased to hear that the outbound real estate market in China is reaching new highs, and has recently hit US$10 billion.
What's more, the 2013-14 FIRB Annual Report has found that foreign investment in general is helping to push housing supply in Australia, and create jobs in construction.
CBRE reported on this substantial amount, finding that outbound capital from the country continues to pour into real estate markets across the globe. Given the available properties in Burnside, Norwood, Prospect and other areas, this investment could find a home in Adelaide.
"The explosive growth in purchases of offshore real estate by Chinese investors has presented a new class of investor to global markets," CBRE Global President Chris Ludeman explained.
"Opportunity has drawn these investors to some of the world's most attractive real estate destinations; as these investors and developers gain experience and become more confident in overseas markets, we expect that an increasing amount will start to look for opportunities across a wider range of geographies and a greater variety of asset types."
Over the past two years, there has been a substantial rise in outbound capital flows from Chinese investors, specifically from High Net Worth Individuals. In turn, this has seen Chinese real estate developers expand in overseas markets as a way of meeting increasing demand from these investors.
There's a good chance that this investment will continue to ramp up as investments from China expand.
To find out more about property investment options in the southern city, get in touch with the team at Ray White Adelaide. We can help with Adelaide property rentals, property management and other investment-related questions.