Queensland new target for overseas investors

By Felicity Nelson and Lara Bullock

Overseas investors who have been driving up prices in Sydney and Melbourne have turned to a third Australian state capital city according to one property lawyer.

Chinese capital is pouring into the Brisbane and Gold Coast property markets at a rate “never seen ever before”, according to Andrew Johnson, head of Mills Oakley Lawyers Brisbane property team.

“We've seen a massive up swell of inbound investment in south-east Queensland from mainly Chinese investors and development companies in the last six months in particular,” Mr Johnson said.

“The Melbourne market was the first to be hit, then the Sydney market and Brisbane is always a bit slower and lags behind [but] we're certainly in the middle of the wave now.

“I can't see this slowing down up here for the next 18 months,” Mr Johnson said.

Chinese purchasing intent increased 17 per cent in the second quarter of 2015 compared with the same period last year, according to

Mr Johnson said Chinese investors are going head-to-head over development projects and engaging in bidding wars with Australian industry heavyweights such as Metro Property Development, Meriton and Mirvac.

The competitive market is forcing Chinese buyers to pay “top dollar” compared to what the Australian market would pay.

The movement of capital from Asia to Australia has been encouraged by recent free trade agreements, according to Mr Johnson.

“The Australian government is obviously indicating to the overseas market that we are open for business,” he said.

While the boom in inbound investment in real estate is good for business, Mr Johnson acknowledged that Chinese buyers could be driving the price of property up and locking younger generations out of the market.

Read more:

Notorious spruiker in ASIC's sights again

Sydney price growth third highest in the world

Why you should have 3 pre-auction prices

Housing construction has already peaked 

Why you should target oversupplied markets 

Queensland new target for overseas investors
SPI logo
Thank you.

Your enquiry has been sent to a local Aussie Mortgage Broker.

We will be in contact with you shortly.

error occurred.
Unfortunately Aussie cannot attend to your home loan related enquiry at this stage as you must be a citizen or permanent resident.
Do you need help finding the right loan for your investment?
What Aussie do for you:
  • Give expert mortgage advice to help you find great investment loan deals
  • Help you maximise return by lowering financing costs
  • Save you time and effort by helping with the paperwork
First name
Last name
Mobile Number
Are you an Australian Resident?
promoted stories

Top Suburbs

Highest annual price growth - click a suburb below to view full profile data:
BLUE BAY 49.18%