<p>Sydney developer Deicorp is set to officially open its <a href="https://www.apartments.com.au/new-apartments/hills-showground-village-castle-hill-2-mandala-parade-castle-hill-nsw-2154">Showground Village</a> precinct in Castle Hill.</p>

<p>NSW Premier Chris Minns will attend the opening on Sunday August 31, alongside&nbsp;Minister for Planning and Public Spaces Paul Scully, The Hills Shire Council Mayor Dr Michelle Byrne, Landcom CEO Alex Wendler, and Deicorp Founder Fouad Deiri.</p>

<p>Located just moments from Hills Showground Metro Station, the centre spans 9,500 sqm across four levels and features 26 specialty retailers as well as a 1,400 sqm public plaza, creating a new community meeting point for shopping, dining, fitness, and everyday convenience.&nbsp;</p>

<p>Showground Village forms part of the Hills Showground Station Precinct, an urban renewal initiative led by Landcom and Sydney Metro that will provide for around 2,300 new jobs over the next 20 years and around 9,000 new homes.&nbsp;</p>

<p>Deicorp was recently approved for another new development next door to Showground Village.</p>

<p>The new five residential buildings in the East Showgrounds Precinct, will see another 873 dwellings delivered, as well as&nbsp;3,500 sqm of open public space in the form of landscaped courtyards, a public park and communal outdoor recreational space including a playground, barbeque area, and outdoor seating.</p>

<p>“This approval will allow us to start construction on a range of beautifully designed, conveniently located apartments and create another vibrant, walkable and well-connected community,” said&nbsp;<a href="https://www.apartments.com.au/developers/deicorp" target="">Deicorp</a>&nbsp;Founder Fouad Deiri.</p>

<p>“These new homes will provide their residents with a seamless connection to jobs and services along Metro North West, and the new&nbsp;<a href="https://www.apartments.com.au/new-apartments/hills-showground-village-castle-hill-2-mandala-parade-castle-hill" target="">Hills Showground Village</a>&nbsp;retail precinct currently under construction."</p>

<p>Deicorp has several thousand apartments in planning and under construction across Sydney, from Zetland and Five Dock to Crows Nest and Macquarie Park.</p>

<p>[smartcode_project_cta:default project_id=133881]</p>


Joel Robinson

Deicorp, NSW Premier officially open Showground Village, new retail and hospitality hub in Castle Hill

<p>ASX-listed developer Cedar Woods is progressing its plans for its Southbank arts precinct site.&nbsp;</p>

<p>The developer has filed plans, which are now with the&nbsp;Department of Transport and Planning, for a new 20-level tower at&nbsp;<a href="https://www.apartments.com.au/new-apartments/141-151-sturt-street-southbank-vic-3006">141–151 Sturt Street</a>, a 2,718 sqm block opposite the Habitat Filter sculpture.</p>

<p>The proposal seeks to demolish the two-level&nbsp;commercial building, including a small supermarket and medical tenancies, and create a new building with 180 apartments and a focus on an&nbsp;active public realm and arts integration.</p>

<p>&nbsp;</p>

<p><img alt="Southbank site" data-entity-type="file" data-entity-uuid="76a72db6-91ef-43ae-827d-a9cfa72893d2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Site.png?VersionId=DZgtB4K6BswVh0QtCs3iLjXaLp0CbcEb" /></p>

<p>&nbsp;</p>

<p>There will be a full mix of apartment configurations, including 28 studio apartments, 16 one-bedroom, 104 two-bedroom, and 32 three-bedroom units.</p>

<p>Retail, creative arts, and residential amenity functions are integrated across the lower levels. A food and drink tenancy is planned to front Dodds Street, while a retail tenancy fronting Sturt Street will be accessed via an elevated walkway. The first floor includes a substantial 734 sqm creative arts space, envisioned to support Melbourne’s growing cultural and digital industries.</p>

<p>Architecture firm <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a> has put together the plans. In their&nbsp;Urban Design Report they highlighted the project’s ambition to embed itself within Southbank’s evolving cultural fabric.</p>

<p>A central feature of the design is a through-block link connecting Sturt and Dodds Streets, landscaped with native plantings and embedded with universal access ramps.</p>

<p>“The ramp has been thoughtfully integrated as the primary access point, ensuring universal accessibility for all users,” the report noted, with the link offering “a direct response to the urban planning scheme of creating more green spaces within our communities”.</p>

<p><img alt="Southbank podium" data-entity-type="file" data-entity-uuid="4d24b1b2-d69c-4a11-a11d-ec6df432221c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/podium.png?VersionId=geWoJyZDmPSLODZ_.PNJ0LvpOmyyCdpo" /></p>

<p>The building’s podium form responds to the mandatory height limits along Dodds Street and maintains a fine-grain interface to adjoining developments. Above the podium, the tower is articulated with recessed balconies and a focus on views toward the CBD and surrounding arts institutions. A communal rooftop recreation deck and indoor lounge are positioned on level four, adjoining seven apartments and providing over 900 sqm of resident amenity space.</p>

<p>Vehicle access and loading will be provided via Dodds Street, with 155 resident car spaces located across two basement levels and the first three above-ground floors. Bicycle storage is more generous, with 226 spaces distributed across resident, staff and visitor needs.</p>

<p>Rothelowman describes the architecture as “humanist,” with ground-level interfaces designed to encourage social interaction and provide a dignified entry for both residents and passers-by. “All street interfaces are crafted to invite and nurture human connections,” the design report states. “The façade transitions to a human scale, providing an approachable and engaging streetscape”.</p>

<p>Cedar Woods, while well-known for its large communities it develops outside of Australia's capital cities, they have recently developed in Melbourne's inner-ring before. They are approaching completion at <a href="https://www.apartments.com.au/new-townhouses/88-leveson-north-melbourne-88-leveson-street-north-melbourne-vic-3051">88 Leveson</a>, just 15 townhouses in the heart of North Melbourne.</p>


Cedar Woods progresses with new apartment plans in Southbank arts precinct

<p>Brisbane developers Core Property Partners and Vector Property Australia has teamed up for Brisbane's newest apartment development.</p>

<p>The duo identified <a href="https://www.apartments.com.au/developments/east-brisbane-qld-4169">East Brisbane</a> as their preferred suburb, on the fringe of the Gabba Precinct, where they've just revealed BANKSII, 72 apartments opposite Raymond Park.</p>

<p>[smartcode_project:default project_id=136432 project_image_fid=5481]</p>

<p>The one-, two-, and three-bedroom apartments will sit in a glass-wrapped building that will also feature a rooftop with an&nbsp;infinity-edge pool, a BBQ area and alfresco dining spaces, sun lounges, and a sauna, as well as a resident-only gym and a ground-floor cafe.</p>

<p>Rhett Williams, Director of Vector Property Australia, said the project will lift the quality of the East Brisbane community and set a new benchmark.</p>

<p>"In Brisbane’s current property landscape, <a href="https://www.apartments.com.au/new-apartments/banksii-east-brisbane-169-wellington-road-east-brisbane-qld-4169">BANKSII</a> stands out through its emphasis on lifestyle-oriented living, connectivity and sophisticated design," Williams says.</p>

<p>[smartcode_project:default project_id=136432 project_image_fid=5479]</p>

<p>The 10-level building has been designed by MAS Architecture. Their designs were inspired by the native Banksia flower, with the architecture and interiors reflecting the organic symmetry of its namesake flora. MAS has interpreted this throughout the building’s curved form, façade detailing and interior palette.&nbsp;</p>

<p>The building’s flowing geometry and natural tones are complemented by large balconies and floor-to-ceiling glazing, maximising cross-breezes, daylight and views over the city, parklands and river.</p>

<p>“Having a strong narrative for a building helps us architecturally,” MAS noted. "We can choose colours that come off that species of flowers. The trunk and the trees and the flower elements all are now visible in our joinery on the inside and in our architectural finishes on the outside."</p>

<p>[smartcode_project:default project_id=136432 project_image_fid=5485]</p>

<p>Apartments will feature timber floors, soft porcelain tiles, brushed bronze fittings, and stone benchtops with warm veining.&nbsp;</p>

<p>Kitchens feature premium SMEG appliances and generous storage, while bathrooms have been designed as calming retreats with curved cabinetry and twin sinks in the master ensuites.</p>

<p>The building will feature a suite of rooftop and wellness amenities. Residents will have access to an infinity-edge pool, BBQ and alfresco dining areas, sun lounges and a rooftop sauna.&nbsp;</p>

<p>A residents-only gym will be located on the podium level, while a ground-floor café and landscaped laneway will further activate the site and improve neighbourhood connectivity.</p>

<p>[smartcode_project:default project_id=136432 project_image_fid=5488]</p>

<p>BANKSII will rise from a prime Wellington Road site, with the building oriented to overlook the adjacent Raymond Park and take in extensive city views. It is also on the doorstep of key&nbsp;lifestyle infrastructure, including the future Kangaroo Point Green Bridge, The Gabba stadium, and the planned Brisbane Live arena.&nbsp;</p>

<p>Public transport options, including ferry, bus and rail - including the future Cross River Rail Woolloongabba station - are all nearby, supporting a car-optional lifestyle just minutes from the CBD.</p>

<p>Williams said the team spent over a year searching for the ideal site before securing this location.</p>

<p>"We were attracted to <a href="https://www.apartments.com.au/developments/east-brisbane-qld-4169">East Brisbane</a> as it is a vibrant and growing community that offers a perfect balance of urban convenience and natural beauty with the parklands and river on our doorstep.”</p>

<p>The project is part of the broader Woolloongabba Games precinct, which is undergoing significant investment in the lead-up to the 2032 Brisbane Olympics. This urban renewal, coupled with infrastructure upgrades, is expected to enhance long-term liveability and capital growth in the area.</p>

<p>Given the wide max of configurations, BANKSII is expected to suit everyone from first home buyers and investors to families and downsizers.</p>

<p>[smartcode_project_cta:default project_id=136432]</p>


BANKSII sales launch in booming East Brisbane apartment market

<p>The Minns Labor Government will deliver Sydney’s first new heavy rail station in more than a decade – enabling up to 10,000 new homes by rezoning land around Woollahra and Edgecliff stations, right next to the CBD, to tackle the housing crisis and rebalance growth across the city.</p>

<p>Recent reports by the NSW Productivity Commission have warned that Sydney is losing twice as many young people as it is gaining, while also finding that Woollahra is the most feasible Local Government Area (LGA) in New South Wales to build new housing.</p>

<p>Despite this, housing approvals in Woollahra consistently lag well behind other LGAs, and the population has declined by 11 per cent over the past 50 years while Greater Sydney as a whole has grown by 74 per cent.</p>

<p>The new station that will be an eight-minute trip from Sydney CBD, will be located on the Eastern Suburbs train line in Woollahra, where a station build was started in the 1970s but never completed.</p>

<p>To enable the delivery of new homes the NSW Government will lead a rezoning of Woollahra and Edgecliff stations similar to other state led rezonings to allow additional homes to be built around the stations.</p>

<p>Affordable housing will also make up a proportion of development on the site with the final amount of affordable housing required, to be determined as part of the rezoning process.</p>

<p>The area surrounding the new station is within walking distance of major green and recreational space including Cooper, Trumper, Rushcutters Bay and Centennial Parks.</p>

<p>The Eastern Suburbs train line between Bondi Junction and Sydney CBD also has the lowest passenger usage rates during the AM peak of any line on the Sydney network, with only 43 per cent of operating capacity during the AM peak currently being utilised by passengers.</p>

<p>Sydney Water and Infrastructure NSW have confirmed there is capacity in the water and wastewater systems to accommodate the proposed 10,000 dwellings without major upgrades.</p>

<p>The rezoning is expected to take around two years and will further support the Government’s housing targets that rebalance the delivery of new homes around existing infrastructure.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>


Next stop Woollahra train station - delivering up to 10,000 new homes in the heart of Sydney

<section data-element_type="section" data-id="b086848">
<p>Fresh off completing its mixed-use Malvern project Malvern Collective, Kokoda Property Group has acquired a prime site on Richmond's Bridge Road.</p>

<p>They are planning a mid-rise residential development with&nbsp;integrated wellness amenities and a vibrant ground-floor retail and dining offering.</p>

<p>The site, at&nbsp;487–495 Bridge Road, spans&nbsp;1,650 sqm with 50 metres of dual frontage across Bridge Road and Palmer Street. It is currently leased to Adairs, and has a large retail building and 20 onsite car parks.</p>
</section>

<section data-element_type="section" data-id="534a164">
<p>Kokoda Property Group’s acquisition forms part of a broader phase of growth in Melbourne, building on momentum from the completion of Malvern Collective and the recent purchase of a Burnley Street site for the developer’s first commercial project.&nbsp;</p>

<p>Mark Stevens, Kokoda Property Group’s Founder and Managing Director, said that the company’s Bridge Road site acquisition signals confidence in a city that is re-accelerating.</p>

<p>“Melbourne is regaining momentum,"&nbsp;Stevens said.</p>

<p>"After a cautious period post-COVID, we’re seeing buyer sentiment stabilise and capital leaning back into well-located, quality projects. Victoria now benefits from deep builder capacity and competitive delivery pricing, creating a rare opportunity to bring design-led inner-city developments to market without compromising on craftsmanship.</p>

<p>“Richmond ticks all the boxes for us – connectivity, culture and everyday amenity – making Bridge Road the perfect address for an amenity-rich, multi-use development."</p>

<p><img alt="Kokoda" data-entity-type="file" data-entity-uuid="9a8de51d-8092-480a-8b7e-e081816692c2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-08-29%20at%208.54.27%E2%80%AFAM.png?VersionId=VRHpV5.6beOu2cieKHWrw3ErMPuVOAuj" /></p>

<p>Envisioned as an “urban lantern” the building will bring a distinctive new presence to Bridge Road with a sculptural retail frontage, designed to honour the street’s heritage character while contributing to its renewal.</p>

<p>Stevens said the acquisition reflects the developer’s commitment to design-led addresses in Melbourne’s inner city.</p>

<p>“Drawing on Richmond’s rich heritage and dynamic character, we’ve envisioned a contemporary building that respects the past while elevating the way people live today. With dual frontages, curated ground-floor spaces, and a focus on wellness, this project will contribute to the neighbourhood’s evolution, appealing to both downsizers and a new generation of professionals.”</p>

<p>Kokoda Property will now progress concept design ahead of a future planning process.</p>
</section>


Mark Stevens, Kokoda Property Group’s Founder and Managing Director, said that the company’s Bridge Road site acquisition signals confidence in a city that is re-accelerating

First look: Kokoda secures Richmond site for new apartment development

Chinese Buyers

<html><body>
<p>Australia's biggest property developer Harry Triguboff says Sydney's apartment boom had relied too much on Chinese buyers.</p>
<p>"We depend too much on Chinese purchasers," the Meriton boss said in a letter emailed last month to local Sydney estate agents.</p>
<p>"Foreigners must only be an additional bonus," said the veteran who has overseen the construction of more than 75,000 residential dwellings over the past six decades.</p>
<p>"I don't want us also to depend on high priced foreign lenders to provide the finance instead of our banks."</p>
<p>"We must stand on our own two feet," he said adding this independence was "far away".</p>
<p>"We will have stability," he said when Australia depends on itself.</p>
<p>Triguboff concedes the Chinese played a big part in pushing the property prices up, and says even in the current reduced turnover were still significant buyers.</p>
<p>On the price front Triguboff says "the rapid price fall is slowing down, maybe completely stopped".</p>
<p>"We will only know later," he indicated.</p>
<p>He says everything must be done to ensure that property prices don't drop any further.</p>
<p>"They should rise otherwise, no one will build," he warned.</p>
<p>"If prices fall the economy suffers."</p>
<p>The developer, who employs 898 staff, was motivated to send the letter to estate agents with a desire to generate sales amid negative media headlines.</p>
<p>"We are all talking about Reserve Bank lowering interest rates, but that is only a minor matter.</p>
<p>"Banks must lend, but they do not because they are afraid.</p>
<p>"Now that we have shown where they were wrong (at the Royal Commission), we must encourage them to lend, and use their discretion." </p>
<p>The optimist developer says young buyers face a wide choice.</p>
<p>"There's no dreadful hurry ...it's not going to jump up tomorrow."</p>
<p>He said Sydney's planning system must also change.</p>
<p>"A lot of the costs are because of the planning system," he said. </p>
<p>Ahead of the declining property market, the apartment king posted after tax profits of $384 million in the financial year ending June 2017, according to Meriton's latest annual return which was lodged last month.</p>
<p>The $384 million profit was up from the $230 million profits Meriton saw in 2016.</p>
<p>There was $1.7 billion in revenue.</p>
<p>He said buyers and renters "flocked" to new apartment blocks.</p>
<p>"The old blocks with few facilities and in the wrong places will suffer.</p>
<p>"Some of our leaders think that people suffer when we build units.</p>
<p>"That is nonsense. </p>
<p>"We see even councils who were against units now trying to allow high rise because they are left behind. </p>
<p>"We must remember the demand for housing is great," said Triguboff who founded the company in 1963.</p>
<p>He says his was not unduly concerned about the low sales turnover in the short term.</p>
<p>"It is so easy for me to lease," he told Channel 9 finance editor Ross Grenwood.</p>
<p>"I'm not buying any land," he added.</p>
<p>He warned if the State Government refused to fix the planning department and the banks didn't lend that construction would stop.</p>
<p>"And prices will rise because of a lack of supply," he forecast.</p>
<p><em>This article first appeared in </em>The Daily Telegraph. </p>
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jchancellor-FAypfDUnLy

Harry Triguboff says apartment boom relied too much on Chinese buyers

<html><body>
<p>A five-level Melbourne CBD office and retail building has sold for $11.98 million to a Chinese investor who beat out several local and off-shore groups.</p>
<p>Savills Australia’s Clinton Baxter, Ming Li and Jesse Radisich negotiated the deal for 26-32 King Street on a tight yield of 2.9 per cent on behalf of a local private investor. </p>
<p>“The scarcity of Melbourne CBD properties on the market, particularly below $20 million, is apparent among active buyers, resulting in significant pent-up demand,” Mr Baxter said.</p>
<p>The property, a retail and office building of about 1,200 sqm, on a landholding of about 304 sqm, is leased to multiple tenants, including a 7-Eleven on the ground level, and returns a net rental of $352,000 per annum.</p>
<p>“The buyer was seeking to secure a prime CBD asset for long-term capital growth, and this sale demonstrates the strong market appetite for premium properties generating solid income within the CBD,” Mr Baxter said.</p>
<p>The property last traded for $5.1million at a Savills auction in 2010, and has grown in value by 135 per cent over just eight years.</p>
<p>Mr Li said that despite recent media reports of a withdrawal of Chinese money from the Melbourne market, Savills was “actually experiencing an uptick in capital from Asia seeking prime commercial assets”.</p>
<p>“We have Asia-based clients actively seeking all forms of CBD and inner-metropolitan commercial assets,” he said.</p>
<p>The Australian Financial Review reported <span>Rialto Tower co-owner </span><span>Lorenz Grollo was an underbidder.</span></p>
<p><span>The property is<span> across the road from the Rialto tower. </span><cite><br></cite></span></p>
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j.ballantyne1990-6AQqhLzZaK

Savills sells Melbourne CBD office building to Chinese investor

<html><body>
<p class="description">Chatswood is the second highest buyer destination of Chinese property investors in Sydney, although Juwai.com’s director Carrie Law says Chinese investors have been turning away from Sydney real estate.</p>
<div class="story-content">
<p>The Golden Week of celebrations, a popular Chinese holiday when China-based buyers have traditionally visited Australia to purchase new housing en masse, proved quieter than normal.</p>
<p>“We still (saw) some transactions, but it’s not the free-for-all of past years,” Ms Law said.</p>
<div class="w650 h365 image media">
<p class="caption">The Sydney CBD has been the most popular area for Chinese buyers.</p>
</div>
<p>Chinese buyers made six per cent fewer inquiries than in the previous quarter and nine per cent fewer inquiries than over the same period last year, according to Juwai data.</p>
<p>The five most popular suburbs for China-based buyers over the past year were the Sydney CBD, Chatswood, Parramatta, Olympic Park and Edmondson Park.</p>
<p>The year before that, north shore suburb Castlecrag was the most popular, followed by the Sydney CBD, Marsden Park, Pyrmont and Ryde.</p>
<p>The Juwai data coincides with a new report that overall Chinese investment into Australia slumped 40 per cent last year, twice the drop worldwide, according the Australian National University, supported by Treasury and with input from the Reserve Bank of Australia.</p>
<p>The report shows Chinese commercial investment peaked in 2016 at $14.9 billion, before falling to $8.9 billion last year.</p>
<div class="cq-article-content-paras section">
<p data-gtm-vis-first-on-screen-7770372_137="9551" data-gtm-vis-total-visible-time-7770372_137="4000" data-gtm-vis-recent-on-screen-7770372_137="18556" data-gtm-vis-has-fired-7770372_137="1">"This is an unusual drop in Chinese investment into Australia," the project's leader Peter Drysdale, who heads the Asian Bureau of Economic Research at ANU told The Australian Financial Review.</p>
<p data-gtm-vis-first-on-screen-7770372_137="9551" data-gtm-vis-total-visible-time-7770372_137="4000" data-gtm-vis-recent-on-screen-7770372_137="18556" data-gtm-vis-has-fired-7770372_137="1">He noted the decrease was significantly larger than the 19.3 per cent fall in China's worldwide foreign direct investment.</p>
</div>
<div class="cq-article-content-paras section">
<p>The database shows $40.4 billion of Chinese money made its way into Australia over the past four years, via 262 transactions.</p>
<p>Last year, the mining sector still accounted for the biggest proportion, making up just over half of the total value of transactions. However, its share has fallen since 2014 as other sectors such as health care and financial technology are starting to attract interest from Chinese buyers.</p>
<p data-gtm-vis-first-on-screen-7770372_137="11556" data-gtm-vis-total-visible-time-7770372_137="1900">"There has been a significant diversification of Chinese investment in Australia," said Professor Drysdale.</p>
</div>
</div>
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Sydney apartment suburbs rank as most popular Chinese property investor destinations

<html><body>
<div><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/3_StockBreakouts/ResizedImages/China-Flag-Optim.jpg" alt=""></div>
<div> </div>
<div>在2018年前，经济学家和房地产专家认为几乎所有澳大利亚首府城市的房价都会上涨。<span class="Apple-converted-space"> </span>
</div>
<div>然而由于秋季市场让卖家们感到失望，专家们认为他们应该改变之前的预测。<span class="Apple-converted-space"> </span>
</div>
<div>随着房价的下跌，周转房屋贷款利率的上升，今年春天的房地产市场有很多值得探讨的地方。<span class="Apple-converted-space"> </span>
</div>
<div>阅读我们的免费电子书，了解您需要知道的有关房地产市场的信息。</div>
<div> </div>
<div>{rsform 100}</div>
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jrobinson-rf4aSBido9

免费电子书：软着陆还是崩盘？接下来的房价会是多少？

<html><body>
<p>A Chinese investor has fought off a number of local rivals to secure a Hawthorn office building for $9.85 million.</p>
<p>It was on a tight 4.78% yield through CBRE.</p>
<p>Some four parties put in 108 bids as the price raced past the former record to post a new building rate record for the area of $13,979 a square metre.</p>
<p>The previous record had been the $10,578 a square metre paid for 1 Oxley Road in May. </p>
<p>Located directly across the road from Swinburne University, the recently refurbished 500 Burwood Road property comprises 714 square metres of office space over two levels on a 1998 square metre site, including 21 car spaces and rear access.</p>
<p>It was sold fully leased to long standing tenant, Australian design and construction company Qanstruct, on an eight year lease at gross annual rental of $500,000.</p>
<p>The former Congregational Church proved to be a big attraction for the successful buyer.</p>
<p>The vendor was Qanstruct MD Mark Ruff.</p>
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Chinese buyer pays $9.85 million for Hawthorn office

<html><body>
<p><span class="Apple-converted-space">Chinese buyers of Australian real estate spent US$6.4 billion less in 2017 than they did in 2016, according to J</span>uwai.com’s Chinese Global Property Investment report.</p>
<div>Chinese purchased US$17.4 billion on Australian real estate in 2017, well down on the 2016 total estimate of US$24 billion.</div>
<div> </div>
<div>New Zealand saw US$1 billion in investment.</div>
<div> </div>
<div>The total Australia and New Zealand investment combined was down 23 percent from 2016.</div>
<div> 
<div>Carrie Law, CEO and director of Chinese international real estate website<span class="Apple-converted-space"> </span>Juwai.com said that capital controls, restrictions on bank financing to offshore buyers, and new foreign buyer taxes and restrictions all served to reduce Chinese investment last year.</div>
<div> </div>
<div>"This year we expect moderate growth, which is in line with Beijing’s goal of managed, rational overseas investment," Law said.</div>
<div> </div>
<div>“Despite the higher stamp duties, Chinese still see Australia as a long-term value," Law noted.</div>
<div> </div>
<div>Click here <a href="https://www.propertyobserver.com.au/images/2018/9/11/region1.jpg" target="_blank">to enlarge.</a>
</div>
<div> </div>
<div><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/9/11/region1.jpg" alt=""></div>
<div> </div>
<div>"The majority of our residential buyers are purchasing for their own use, because they have children studying or working here, or because they plan to visit regularly or to retire here.</div>
<div> </div>
<div>"Australia offers a table environment, safety, quality educational institutions, and high quality of life. Both Sydney and Melbourne rank in the top five most liveable cities in the world.</div>
<div> </div>
<div>“In the first half, the most popular Australian cities for Chinese buyers were Melbourne, Sydney, Brisbane, Adelaide, the Gold Coast, Canberra, and Perth.</div>
<div> </div>
<div>Juwai found US$14.1 billion of the $US17.4 billion spent my Chinese in Australia in 2017 was on residential acquisitions. Commercial sales totalled US$3.3 billion.</div>
<div> </div>
<div>“Sources like KPMG suggest that Chinese commercial real estate investment accounts for one-third of all Chinese corporate direct investment in the country.</div>
<div> </div>
<div>"Political tensions between the two countries have a greater impact in creating uncertainty with corporate commercial real estate investors than they do with individual investors buying residential property for their own use.”</div>
</div>
<div> </div>
<div>Globally, total Chinese investment in commercial and residential property hit US$119.7 billion, up 16.1% from the US$101.4 billion reported by Juwai in 2016. </div>
<div> </div>
<div> </div>
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Chinese property purchasing in Australia down 27 percent in 2017: Juwai 

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<p>A Chinese developer has beaten out the competition with a near $100 million offer for a former apple orchard in Wantirna South, in Melbourne's east.</p>
<p>The family owned Jenkins Orchards site at <a href="https://www.realcommercial.com.au/for-sale/in-wantirna+south,+vic+3152/list-1?autoSuggest=true" target="_blank">1201-1211 High Street Road</a> was sold by Savills.</p>
<p>Nan Xin Investment secured the 15ha site.</p>
<p>The sale comes on the back of the success of nearby residential projects including Wantirna Rise, where all 113 residential lots sold in one day, and Mirvac's $450million, 906-lot Harcrest development of the former Brickworks site.</p>
<p>Savills Australia's Nick Peden described it as "the most significant Melbourne metropolitan landholding to be offered to the market in recent years."</p>
<p>The site was zoned for high-density residential projects of up to five levels, according to Savills agent Jesse Radisich.</p>
<p>The agency ran a four-week campaign with a price guide above $90 million.</p>
<p>The property was purchased in 1922 by the Jenkins family, who ran an orchard that produced apple cider.</p>
<p>It had a fruit and vegetable shop at the site.</p>
<p>Nan Xin Investment is involved in other projects in Victoria including a luxury mixed-use project called Galleria in Glen Waverley.</p>
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$90 million plus Wantirna South apple orchard holding sold through Savills

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<p class="selectionShareable">A lot of Chinese buyers lost their 10 per cent apartment deposits last year.</p>
<p class="selectionShareable">"That was the worst time,” the Merton boss Harry Tribuboff told The Australian noting the trend had dissipated, but interest from Chinese buyers was still slow.</p>
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<p class="selectionShareable">Tribuboff confirmed Chinese buyers were “very important to our segment of the market”.</p>
<p class="selectionShareable">“It is very important not to find new reasons for raising their costs,” he said.</p>
<p class="selectionShareable">Triguboff didn't specify the extent but said it was a "lot" of Chinese buyers. </p>
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<p class="selectionShareable">Apartment prices in Sydney had fallen 15 per cent since early last year and were still weakening, but settling down, according to billionaire developer.</p>
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<p class="selectionShareable">He suggests there is no bust coming.</p>
<p class="selectionShareable">Last year Harry Triguboff, Australia’s biggest apartment owner and developer, was offering his buyers free stamp duty.</p>
<p class="selectionShareable">It applied to local and overseas buyers, but excluded foreign person surcharge purchaser duty and additional foreign acquirer duty.</p>
<p>Robert Gottliebsen, writing in The Australian, indicated the initial reaction to the offer had been from overseas Chinese who were embracing the finance offer.</p>
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As prices fall 15%, Harry Triguboff confirms Chinese apartment buyers lost their 10 percent deposits 

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<p>Sydney-based developer Ceerose said the absence of foreign buyers had left it with unsold apartments.</p>
<p>Chinese buyers, including many local Chinese Australians with capital from mainland China, accounted in good times for up to half of Ceerose's clientele, the Australian Financial Review noted.</p>
<p>"This year the market's hit the handbrake," Ceerose director Edward Doueihi said.</p>
<p data-gtm-vis-first-on-screen-7770372_137="66719" data-gtm-vis-total-visible-time-7770372_137="4000" data-gtm-vis-has-fired-7770372_137="1">"It's really affected us.</p>
<p data-gtm-vis-first-on-screen-7770372_137="66719" data-gtm-vis-total-visible-time-7770372_137="4000" data-gtm-vis-has-fired-7770372_137="1">"We've taken our developments off the market now. We've stopped marketing. We've stopped buying sites. In Sydney it's very negative."</p>
<p>He was now renting 100 of his unsold apartments across Sydney's inner west, north shore and the CBD.</p>
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<div class="cq-article-content-media section">"We're holding a lot of stock," he said. "We just rent them out now. We can't move them."</div>
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<div class="cq-article-content-media section">Doueihi said the role landlord was not one he'd traditionally played.</div>
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<p>Donehi noted a further complication was a simultaneous slowdown in the sales and rental markets.</p>
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<p data-gtm-vis-first-on-screen-7770372_137="90738" data-gtm-vis-total-visible-time-7770372_137="4000" data-gtm-vis-has-fired-7770372_137="1">Doueihi added the weaker rental market meant his average rent across one, two and three-bedroom apartments was $650 per week, about $50 less than landlord investors secured a year ago.</p>
<p data-gtm-vis-first-on-screen-7770372_137="90738" data-gtm-vis-total-visible-time-7770372_137="4000" data-gtm-vis-has-fired-7770372_137="1">His units were all occupied, but it had taken an average six weeks.</p>
<p>"I've never seen markets in 32 years that the rental market's been affected and the residential sales have been affected," he said.</p>
<p>"It's scary."</p>
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Ceerose become landlords after Sydney apartment sales slowdown

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<p>Official FIRB data has confirmed a collapse in approvals for foreign investment in Australia’s housing market.</p>
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<p>The Foreign Investment Review Board’s annual report reveals a 67 per cent fall in residential real estate approvals last financial year — down from 40,149 approvals to just 13,198 approvals.</p>
<p>The value of FIRB approvals fell from $72.4 billion to $25.2 billion in fiscal 2017.</p>
<p>The large numbers of residential foreign buyers from the boom of 2012-17 are unlikely to be repeated, a UBS report tips.</p>
<p>During 2016–17, 1,669 residential real estate compliance cases were identified for investigation (down from 2,104 cases in 2015-16). Of these, 1,409 investigations were completed (1,637 in 2015–16), which identified 549 properties acquired in breach of Australia’s foreign investment rules (up from 260). There were 96 residential properties divested by foreign persons (up from 54 in 2015–16) totalling nearly $97 million.</p>
<p>Victoria is the most popular state for residential real estate approvals, followed by New South Wales, with these two states accounting for 73% of all such approvals.</p>
<p>Queensland accounts for 18%, Western Australia for 5%, South Australia for 3%, and the Australian Capital Territory for 1%.</p>
<p>Chinese investors were again the largest source of foreign investment approvals by both value ($38.9 billion) and number (9,714) in 2016–17.  </p>
<p>China continued to be the largest source of foreign investment associated with approvals for residential real estate.</p>
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<p>Carrie Law, CEO and Director of Juwai.com, the No. 1 Chinese international real estate website and the exclusive international real estate partner to Chinese online giant Tencent, said the period saw half years "like night and day" in terms of Chinese investment.</p>
<p>"In the second half of 2016, Chinese investment were investing in Australian real estate at an almost irrational pace.</p>
<p>"It was like money falling from heaven for vendors and developers.</p>
<p>"In early 2017, capital controls, financing restrictions, and foreign buyer taxes reduced Chinese investment to more reasonable levels," Law suggested.</p>
<p> “Since November 2017, we seem to have entered a period of more sustainable long-term growth. Chinese buying enquiries for Australian property in March were 5.7% higher than the month before and in Aprilthey were 22.3% higher.</p>
<p><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/5/30/Chinese%20Top%20Cities%20Juwai.jpg" alt=""> </p>
<p>Law added that China’s capital controls have worked.</p>
<p>Today, China’s foreign reserves are up, the Yuan is stronger, the flow" of money out of the country has been reduced, and fears of a devaluation have virtually disappeared.</p>
<p>"But they have succeeded without having to make it impossible for ordinary Chinese families to buy property overseas."</p>
<p>Recent research reports that a majority of Chinese households intend to increase their offshore investments in the coming two years, with real estate the asset class most favoured by outbound investors.</p>
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<p><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/5/30/Chinese%20share%20by%20year%20Juwai.jpg" alt=""> </p>
<p>“The big declines are partly due to lower demand, and mostly due to the changed application fees.”</p>
<p><a href="https://www.propertyobserver.com.au/images/2018/5/30/FIRB%20summary%20Juwai.jpg" target="_blank">Click here</a> to enlarge:</p>
<p><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/5/30/FIRB%20summary%20Juwai.jpg" alt=""></p>
<p> Considering just commercial real estate investment from all nations, approvals dropped from $50 billion to $44 billion.</p>
<p>The FIRB reports that one reason for the decrease in approvals for commercial property is that under the new China-Australia Free Trade Agreement, Chinese investors no longer need request investment approval before purchasing developed commercial property worth less than $1.094 billion. </p>
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