The Foreign Investment Review Board said Chinese property buyers spent more than $24 billion on Australian real estate in the 2014/15 financial year, making the group the largest source of foreign purchasers.
The CEO of Crown, one of Australia's biggest residential developers, said foreign interest in the Australian market isn't waning.
"Foreign demand is still constant, we're seeing into the new job that we're launching, we're seeing the number of foreign buyers is constantly the same," Iwan Sunito said.
Mr Sunito added that 30 per cent of the company's sales have been to foreign buyers.
"That is a policy that is adopted by Crown group and the banks are insisting that certain amounts of numbers need to be met for funding requirement.
In terms of international buyers, there is no doubt that the biggest numbers are from China, second is Indonesia, thirdly is Singapore for us," he said.
