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Chinese investment in Australia up 60 per cent: report

AAP
AAP Source: AAP

Chinese investment in Australia has climbed to $15 billion - up 60 per cent - with real estate the dominant sector.


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Updated

By Justin Park

Source: SBS



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Chinese investment in Australia has climbed to $15 billion - up 60 per cent - with real estate the dominant sector.


Chinese investment in Australia has grown 60 per cent to $15 billion as investors continue to buy real estate, and expand into new areas such as healthcare.

Chinese investment in 2015 reached its second highest level, behind the peak year of 2008, with investors taking advantage of the lower Australian dollar.

Investment in real estate continues to dominate, accounting for $6.85 billion, or 45 per cent, of total Chinese investment in Australia, according to the KPMG and Sydney University's joint report, Demystifying Chinese Investment in Australia.

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