{"id":6314,"date":"2015-11-13T01:00:18","date_gmt":"2015-11-12T14:00:18","guid":{"rendered":"http:\/\/realestatetalk.com.au\/?p=6314"},"modified":"2015-11-13T01:00:18","modified_gmt":"2015-11-12T14:00:18","slug":"what-attracts-so-many-chinese-to-the-australian-market","status":"publish","type":"post","link":"https:\/\/channels.realty.com.au\/realtytalk\/what-attracts-so-many-chinese-to-the-australian-market\/","title":{"rendered":"What attracts so many Chinese to the Australian market? – Simon Henry"},"content":{"rendered":"

 
\nIn today’s show we talk to\u00a0Simon Henry<\/strong>, who is the co-CEO for Juwai.com,\u00a0named recently as the most influential international property site in China.
\n <\/p>\n

Transcript:<\/h4>\n

Kevin:<\/b>\u00a0 Simon Henry, who is the co-CEO for Juwai.com, joins me.
\nSimon, welcome to the show.
\nSimon:<\/b>\u00a0 Good morning, Kevin.
\nKevin:<\/b>\u00a0 Congratulations. Juwai.com was named recently as the most influential international property site in China. What does that mean to your company?
\nSimon:<\/b>\u00a0 It was a sensational award, the fact that we were recognized by one of the peak commerce bodies in mainland China in 2014. Two weeks ago, we won the follow up award to that one, so we actually received it two years in a row.
\nFor us, it really brings credibility to what we\u2019re doing and what we\u2019re achieving, to really promote the world opportunity to Chinese property buyers and investors.
\nKevin:<\/b>\u00a0 Of course, when we think of foreign ownership, there\u2019s so much talk about Chinese buyers into the Australian market, but really the Chinese impact on the Australian market is fairly low if you look at some of the other countries who are buying into Australia.
\nSimon:<\/b>\u00a0 Absolutely. The Chinese, while their dollar value of investment over the last couple of years has been quite high, they still rank outside the top five in terms of total land ownership in Australia. If you take, say, every hundred acres of property owned by foreign investors, the Chinese own only 4%.
\nThe Chinese are definitely buying new projects and developments and houses, and that\u2019s adding to the supply. It\u2019s creating massive amounts of jobs, and it also means a lot more industry is being supported by Chinese tourists and students coming to Australia. It\u2019s a good thing.
\nKevin:<\/b>\u00a0 When we talk about Chinese buying in Australia, or buying units and apartments as you just said, are they buying them to hold into a portfolio, or are they buying them as an investment to put tenants in?
\nSimon:<\/b>\u00a0 This is one of the beautiful things about Juwai. We have a product called Juwai IQ, which we launched today. It\u2019s the first time we\u2019ve got really hard information on the motivations behind Chinese buyers.<\/p>\n