{"id":2224,"date":"2017-01-26T12:00:16","date_gmt":"2017-01-26T12:00:16","guid":{"rendered":"https:\/\/www.buyassociation.co.uk\/?p=2224"},"modified":"2023-09-27T12:05:49","modified_gmt":"2023-09-27T11:05:49","slug":"australian-property-market-feel-effects-chinese-restrictions","status":"publish","type":"post","link":"https:\/\/www.buyassociationgroup.com\/en-gb\/2017\/01\/26\/australian-property-market-feel-effects-chinese-restrictions\/","title":{"rendered":"Australian property market to feel effects of Chinese restrictions"},"content":{"rendered":"<p><strong>The recent crackdown on international property investment in China is predicted to have a knock-on effect on the Australian property market too.<\/strong><\/p>\n<p>As the <a href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2017\/01\/02\/china-dominates-cities-index\/\" target=\"\" rel=\"noopener\">Chinese government<\/a> increases restrictions on foreign property purchases, the Australian property market may also witness lower investor numbers \u2013 especially during the next six months.<\/p>\n<p>\u201cWhile the situation will be complicated by the ongoing back-and-forth battle between the Chinese government and investors, the most likely scenario will be a slowdown in incoming cash flow [into Australia] for the first half of 2017,\u201d commented CT Johnson, general manager for Basis Point (a business intelligence agency).<\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"2qvk0NhDAi\"><p><a href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2017\/01\/23\/prices-set-rise-singapore\/\">Prices set to rise in Singapore<\/a><\/p><\/blockquote>\n<p><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;Prices set to rise in Singapore&#8221; &#8212; BuyAssociation Group\" src=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2017\/01\/23\/prices-set-rise-singapore\/embed\/#?secret=5xi5xy1doK#?secret=2qvk0NhDAi\" data-secret=\"2qvk0NhDAi\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<p>However, while the Australian Foreign Investment Review Board released a report claiming <a href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2016\/09\/30\/london-mayor-launch-inquiry-foreign-property-investment-capital\/\" target=\"\" rel=\"noopener\">foreign buyers<\/a> had \u201cno appreciable impact on price increases in the Australian property market\u201d, Johnson claimed that its methodology was unclear \u2013 therefore making it tough to work out how they reached that result.<\/p>\n<p>\u201cNo one has put together a good analysis of the impact of Chinese buyers on the Australian market,\u201d he said. \u201cAt the end of the day, there are a lot of people who want to buy into Australia, particularly into the capital markets \u2013 Melbourne, Sydney and Brisbane particularly \u2013 so there will be a lot of demand there,\u201d he said.<\/p>\n<blockquote><p>\u201cWhat I expect is that it [Chinese restrictions] will drag down the rate of increase in housing prices in Australia. I believe that there will be more pressure on high density, off-the-plan buildings. I expect to see zero impact on the other end of the scale \u2013 land and house type developments.\u201d<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>The recent crackdown on international property investment in China is predicted to have a knock-on effect on the Australian property market too. As the Chinese government increases restrictions on foreign property purchases, the Australian property market may also witness lower investor numbers \u2013 especially during the next six months. \u201cWhile the situation will be complicated<a class=\"excerpt-read-more\" href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2017\/01\/26\/australian-property-market-feel-effects-chinese-restrictions\/\" title=\"ReadAustralian property market to feel effects of Chinese restrictions\">&#8230; Read more &raquo;<\/a><\/p>\n","protected":false},"author":1069,"featured_media":4540,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[141],"tags":[218,219,214],"acf":[],"_links":{"self":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts\/2224"}],"collection":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/users\/1069"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/comments?post=2224"}],"version-history":[{"count":1,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts\/2224\/revisions"}],"predecessor-version":[{"id":6096424,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts\/2224\/revisions\/6096424"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/media\/4540"}],"wp:attachment":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/media?parent=2224"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/categories?post=2224"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/tags?post=2224"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}