PHOTO: The report also found that almost 11% of all new apartments – out of 5,160 apartments built in 2018 – were by Chinese developers

Knight Frank’s latest report, Chinese Developers in Australia – Market Insight 2019, has found that 31% of Australian development sites in 2018 were bought by Chinese developers who purchased $1.3 billion worth of Australian residential development sites in 2018.

This figure was down from $2.02 billion in 2017, or one-third of all site sales.

Of all Australian sites purchased by Chinese developers and investors in 2018, 41% were suited to low density (single dwellings or landed properties) – up from 29% in 2017 and just 2% in 2013.