Knight Frank have just released a report into emerging trends of Chinese developers in Australia, the report shows statistically an insatiable appetite for site acquisition throughout the country. This long term trend is set to continue and it’s impacting local developers as they become the under-bidders and miss out on new sites.
The following are key takeaways from the report:
- Chinese developers are buying larger sites, average dwellings per site in 2016 = 502 (versus 2012 = 103);
- Chinese site acquisition represent a massive 38% of all direct residential sites in Australia (versus 2% in 2012)
- Chinese developers are interested in larger sites and are diversifying from apartment sites into house and land product.
These statistics underpin the strength of demand for Australian residential assets. This interest driven by China is a net positive for our region as it ultimately results in increased economic activity which in turn creates jobs.
For access to the Knight Frank report click here